Nutanix Closes Series A with $13.2 Million
Date: Friday , April 29, 2011
Nutanix, developer of a converged compute and storage appliance for virtualized data centers, received $13.2 million in Series A funding. Investors who participated in the funding round include Lightspeed Venture Partners and Blumberg Capital. The company plans to use this amount to enable themselves to establish a strong market presence in North America. The company is founded by Dheeraj Pandey, Ajeet Singh and Mohit Aron and is based out of Santa Clara, California.
Designed from the ground up for server and desktop virtualization, Nutanix Complete Appliance shrinks the datacenter through its converged architecture, thus reducing capital costs, power consumption and administration costs. The market is moving towards converged appliances for data centers, with several companies introducing server and storage bundles. In contrast, Nutanix Complete Appliance brings data closer to virtual machines, delivering convergence through a combination of scalable software and industry-standard hardware components.
“The architecture that fully separates the compute tier from storage was designed twenty years ago. Since then, virtualization and solid-state drives have disrupted the technology stack, creating the need to fundamentally rethink the architecture. Scale-out clusters, virtualization, and solid-state drives are the building blocks that will form the foundation of next-generation cloud environments,” says Dheeraj Pandey Co-Founder and CEO, Nutanix. In addition to Pandey, Aron and Singh, the company’s board of directors now includes Ravi Mhatre and Bipul Sinha from Lightspeed Venture Partners.