A year after going public with the backing of venture-capital firms, cloud-storage business Tintri Inc. filed for bankruptcy protection yesterday and put its business up for sale, immediately drawing a bid from a data-storage supplier, WSJ Pro Bankruptcy reported. The chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Del., comes after the Mountain View, Calif.-based company said that it was running out of cash and might be forced to stop operating and file for bankruptcy even if its lenders didn’t pressure it to repay its debt. The Silicon Valley business, whose customers include Toyota, Comcast and Sony, had revenue of more than $125 million last year but couldn’t turn a profit. The company posted annual losses of more than $100 million in each of the past three years.
