Nutanix raises $33 Million in Series C Round of Funding
Date: Monday , October 01, 2012
Nutanix has raised $33 million Series C funding from current investors Lightspeed Venture Partners and Khosla Ventures. New investors Battery Ventures and Goldman Sachs also participated in this round of funding. This new round which brings Nutanix's total financing to over $71 million in various round of funding since inception, provides a large war chest to the company to expand sales, marketing, and support, and double up in R&D.
Conceived in December 2009 by Dheeraj Pandey and Dr. Mohit Aron, Nutanix raised series A of $13.3 million in July 2010 and series B of $25.3 million in August 2011. The company has more than 70 customers including large customers in U.S. federal, technology, advertising, healthcare, and higher education, many of whom are repeat buyers, underscoring the beauty of a scale-out platform that grows over time.
"We are in a perfect storm of paradigm shifts in the datacenter -- cloud computing, software-defined storage, and server-side flash. That, coupled with our execution, has given us an enviable stature within the marketplace," says Dheeraj Pandey, Co-founder & CEO of Nutanix.
The company believes in controlling the end-user experience of performance and reliability. Nutanix's off-the-shelf commodity hardware approach reduces sales friction, guarantees predictable end-user experience, and keeps promises of enterprise support meaningful. Through the use of innovative server-attached PCIe Flash and high capacity SATA drives, Nutanix' innovative distributed storage and compute cluster localizes the data-path for higher performance and reduced complexity. Inspired by SAN-less distributed systems employed by Google, Amazon, Facebook, and Twitter, Nutanix is first to market with an enterprise-friendly, easy to deploy storage and compute cluster that dynamically grows to meet business demands.