Infinidat raises $150 mln from TPG at $1.2 bln valuation -- Corrected

Infinidat said it raised $150 million in a deal led by TPG Growth that values the company at a post money valuation of $1.2 billion, according to a press release. The round is the company's second and brings total money raised to $230 million. The enterprise storage vendor will use the money to expand globally and meet customer demand.

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