Tintri

Tintri, Inc. is a division of DataDirect Networks based in Santa Clara, California. Tintri provides products designed for businesses cloud computing, virtual machines (VMs), and containers. The core product line is the VMstore, a storage system and software designed to simplify management in data center and cloud environments.[1][2][3] After becoming a public company in 2017, within a year it ran out of cash and was acquired in bankruptcy.[4]

Tintrí By DDN, Inc.
IndustryData storage devices
Information Technology
Virtualization
Founded2008
Headquarters
Santa Clara, California
,
United States
ProductsEnterprise Cloud, VM-aware storage
Websitewww.tintri.com

History

Tintri was founded in 2007 by Kieran Harty, who had led development at VMware as their executive vice president of engineering from 1999 to 2006. A native of Ireland, Harty had graduate degrees from Trinity College, Dublin and Stanford University.[5] Its initial objective was solving the mismatch between conventional storage and the demands of applications in virtual machine (VM) environments, which causes complex configuration and management as well as over-provisioning.[6] Over time, Tintri addressed cloud needs of enterprise customers.[7] Tintri means "lightning" in the Gaelic language.[8]

Early investors included David Cheriton (Harty's Ph.D. adviser)[9] and venture capital from New Enterprise Associates and Lightspeed Venture Partners. The first two rounds raised about $17 million before being disclosed in 2011.[10][11] Another round of about $25 million was disclosed in July, 2012, with Menlo Ventures as additional investor.[12][13] Pete Sonsini, (son of Silicon Valley attorney Larry Sonsini) was an early board member.[14] In October 2013, Ken Klein, a Tintri board member and former president of Wind River Systems, became chairman and chief executive.[15] Ian Halifax, also from Wind River, was named chief financial officer in January 2014.[16]

A round of $75 million investment in February 2014 was led by Insight Venture Partners.[17] In August 2015, a $125 million investment round was led by Silver Lake Kraftwerk joined by previous investors.[18] In October, 2016, Charles Giancarlo (from Silver Lake) joined the board of directors.[19]

On June 1, 2017, Tintri filed with the SEC for an initial public offering (IPO).[20] The IPO was delayed and then re-priced below the original range.[21] On June 30, 2017, its shares began trading on NASDAQ under the symbol TNTR.[4] In December 2017 it was reported that despite the IPO, the company was looking for a buyer.[22][23] In March, 2018, CEO Ken Klein was replaced by Thomas Barton.[24]

On June 22, 2018, after failing to find a buyer and resignation of Barton as CEO, Tintri’s board of directors approved a reduction in force of approximately 200 employees. The company expected to have between 40 and 50 employees left as it ran out of cash.[25] On July 9, 2018, Tintri was delisted from NASDAQ as a result of failure to satisfy the listing requirements.[26]

On July 10, 2018 Tintri filed for Chapter 11 Bankruptcy. DataDirect Networks (DDN) agreed to acquire substantially all of the assets of Tintri.[27] On September 4, 2018, DDN announced it had acquired Tintri for $60 million.[28]

Technology

The Tintri VMstore uses VMs and virtual disks — in place of conventional storage abstractions — as core system management constructs. The VMstore offers a set of open interfaces for automation and orchestration in cloud environments. Tintri's architecture allows a user to set quality of service (QoS) for individual VMs, vDisks and containers, which allocates minimum or maximum performance resources according to need. The file system automatically monitors and controls IO to those VMs, vDisks and containers to eliminate conflict, often referred to as 'noisy neighbor syndrome'. And Tintri provides a global view of all the VMs stored on the VMstore, including real-time view of latency from guest VMs, vSphere hosts, the network and storage.

Tintri VMstores are accessed by clients over standard file service protocols such as the Network File System (NFS) and Server Message Block (SMB).[29] The software runs on a customized Linux operating system.

The Tintri VMstore T5000 series all-flash array

Tintri shipped its first products in April 2011.[30][10] Since then, the company introduced VM-granular replication in 2013,[31] support for VMware Virtual Volumes (VVols), VM-level automation and analytics, and other hypervisors such as Hyper-V in 2014.[32]

On April 9, 2015, Tintri announced software that enables administrators to set maximum and minimum input/output operations per second (IOPS) to each individual VM, with visual guidance on the values to specify.[33] On August 20, 2015, Tintri announced the VMstore T5000 series which uses only flash memory.[34][29] At the same time, the VMstack product was announced using the marketing term converged infrastructure.[35]

In May, 2016, Tintri announced capacity expansion options for the T5000 cluster computing software.[36][37] In November, 2016, Tintri announced software for cloud computing.[38] In December 13, 2018 DDN a Tintri software update.[39]

References
  1. Derek Schauland (August 28, 2013). "Review: Tintri datastore in a box". TechRepublic. Retrieved October 6, 2016.
  2. Chris Mellor (May 17, 2012). "You can feed 800 VMs off 1 of our boxes, startup brags". The Register. Retrieved January 29, 2017.
  3. Peter Cohan (July 31, 2013). "Tintri's 110% growth grabs share from NetApp, EMC in $10 billion market". Forbes. Retrieved October 6, 2016.
  4. Balakrishnan, Anita (June 30, 2017). "Tintri IPO: TNTR stock prices, opens for trading on first day". CNBC. Retrieved November 16, 2021.
  5. "J-1 visa leads Trinity graduate to Silicon Valley success". The Irish Times. August 12, 2016. Retrieved October 17, 2016.
  6. Lee Pender (July 1, 2013). "Storage for the modern data center". Virtualization Review. Retrieved January 29, 2017.
  7. Mellor, Chris (1 November 2016). "Hey Tintri. Mac? Rack? No, I said what's happening with my stack?". The Register. Retrieved 2017-06-01.
  8. Peter Cohan (February 23, 2012). "Tintri's Flash of Storage Lightning Puts EMC In the Dark". Forbes. Retrieved October 6, 2016.
  9. Kieran Harty (November 29, 2012). "Home is Where the Talent (and VCs) Are: Silicon Valley Still Unparalleled as Tech Hotbed". Wired Innovation Insights. Archived from the original on February 5, 2016. Retrieved October 18, 2016.
  10. "Former VMware R&D chief launches Tintri with $17M funding". San Jose Business Journal. March 26, 2011. Retrieved October 6, 2016.
  11. Dave Rosenberg (March 24, 2011). "Storage start-up Tintri launches with $17 million". CNet News. Retrieved October 6, 2016.
  12. "Form D: Notice of Exempt Offering of Securities". US SEC. July 25, 2012. Retrieved October 6, 2016.
  13. Chris Mellor (July 25, 2012). "Tintri trousers $25m to crank out flash storage grease". Retrieved October 6, 2016.
  14. Scott Denne (October 17, 2011). "Pete Sonsini Brings Tech Heritage To NEA". Venture Capital Dispatch. Wall Street Journal. Retrieved October 6, 2016.
  15. "Tintri names Ken Klein as Chairman and Chief Executive Office to accelerate company's growth". Tintri Press Release. October 15, 2013. Retrieved October 6, 2016.
  16. "Tintri Appoints Ian Halifax as CFO". Tintri Press Release. January 29, 2014. Retrieved October 6, 2016.
  17. Arik Hesseldahl (February 13, 2014). "IPO-Bound Tintri Raises $75 Million in Round Led by Insight Venture Partners". recode. Retrieved October 6, 2016.
  18. Barb Darrow (August 5, 2015). "Tintri snags $125 million to market its new-look storage appliance". Fortune. Retrieved October 17, 2016.
  19. "Charles Giancarlo joins Tintri Board of Directors". Press release. October 4, 2016. Retrieved October 6, 2016.
  20. Chang, Sue. "Tintri files with SEC to list on Nasdaq". MarketWatch. Retrieved 2017-06-01.
  21. Chris Mellor (June 30, 2017). "Tintri IPO boots up after it tries turning itself off and on again: And slashing the share price, too. That also worked". The Register. Retrieved November 17, 2021.
  22. Gary, Alexander. "Tintri: The Nightmare Continues". SeekingAlpha. Retrieved 2017-12-27.
  23. Ashton, Richard. "Tintri IPO: The Fundamental Problems". SeekingAlpha. Retrieved 2017-12-27.
  24. Chris Mellor (March 14, 2018). "Beleaguered all-flash flinger Tintri appoints new CEO: Tom Barton takes reins from Ken Klein". The Register. Retrieved November 17, 2021.
  25. Chris Mellor (June 28, 2018). "Tintri terminates 200 staff, cash set to run dry in a couple of days". The Register. Retrieved November 17, 2021.
  26. "Tintri Receives Nasdaq Delisting Determination Letter | Tintri". Tintri. Retrieved 2018-09-27.
  27. Chris Mellor (July 10, 2018). "Tintri rescued by DDN just hours after filing for Chapter 11". The Register. Retrieved July 10, 2018.
  28. "DDN Completes $60 Million Tintri Acquisition and Enters Enterprise Virtualization Market". September 4, 2018. Retrieved November 15, 2021.
  29. Duncan Epping (August 20, 2015). "Tintri announces all-flash storage device and Tintri OS 4.0". Yellow-Bricks blog. Retrieved October 17, 2016.
  30. Ashlee Vance (March 24, 2011). "Taking the pain out of virtual computing". Bloomberg Businessweek. Retrieved October 21, 2016.
  31. Duncan Epping (April 8, 2013). "Tintri releases version 2.0 - Replication added". Yellow-Bricks blog.
  32. Chris Mellor (December 15, 2014). "Tintri adds Hyper-V to its virtualised server support: Oh Hyper-V, oh Hyper-V, now you are but one of three". The Register. Retrieved October 21, 2016.
  33. Chris Mellor (April 13, 2015). "Tintri gets all touchy-feely with latest OS update". The Register. Retrieved October 9, 2016.
  34. "Tintri Announces New VM-Aware All-Flash Storage Platform—Providing Customers the Choice of All-Flash and Hybrid-Flash, with Common OS, Real-Time Analytics and the Ability to Optimize Workloads Across Storage Platforms". Press Release. August 20, 2015. Archived from the original on September 10, 2015.
  35. Chris Mellor (August 20, 2015). "Tintri adds tincture of all-flash array to its range: Crafts a converged infrastructure offering for channel". The Register. Retrieved October 21, 2016.
  36. "Tintri Unveils Scale-out Storage Platform to Enable Enterprises and CSPs to Build Their Own Amazon-like Cloud Infrastructure.Delivers Industry's Largest All-Flash Scale-out with Support for Up to 160,000 VMs". Tintri Press Release. May 17, 2016. Retrieved October 21, 2016.
  37. Chris Mellor (May 17, 2016). "Tintri debuts storage precog that knows what you'll need in 6 months". The Register. Retrieved October 21, 2016.
  38. "Tintri Raises the Bar for Enterprise Cloud Built on Web Services Architecture and RESTful APIs". Press release. Tintri. November 1, 2016. Retrieved January 29, 2017.
  39. "Tintri by DDN Opens More Than 100 Worldwide Field Service Depots and Delivers First Software Update". Press release. December 13, 2018. Retrieved November 17, 2021.
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