siliconindia | | February 20148Gravitant, a software company in the enterprise cloud brokerage and management market recently raised $10 million in a Series B funding round led by new investor Corsa Ventures where existing investor S3 Ventures also participated. This increases the total funding of the company to $14 million. The latest financing will be used to expand the company's sales and marketing to keep up with rising customer demand. In addition, the new investment will be used to extend the capabilities of Gravitant's award-winning cloud brokerage and multi-cloud management platform to satisfy new customer segments. "Customer interest in cloud brokerage and management platforms is accelerating, and this funding will help us take advantage of this rapidly growing market space," says Mohammed Farooq, co-founder & CEO of Gravitant. Alex Gruzen, Managing Partner of Corsa Ventures will join the company's board of directors as part of the deal. "Gravitant has the potential to change the way Enterprise IT is done," says Gruzen.Founded in 2004, the company develops software designed to enable the deployment of virtual data centers and business applications by aggregating services from infrastructure-as-a-service providers. The Austin based company enables enterprises of all sizes use IT-as-a-Service (ITaaS) through its flagship product CloudMatrix, a cloud service brokerage and management platform. The platform makes it easy for enterprises to select, procure, consume, and manage cloud services and enables users to move from a slow service-ticket model to an agile design-to-order model. Customers have the liberty to select the optimum cloud services (PaaS, IaaS, SaaS) and managed services for their needs and collaboratively construct and deploy complete IT solutions at the best cost. Nutanix, a provider of next-generation datacenter infrastructure solutions recently closed its $101 million Series D financing co-led by Riverwood Capital and SAP Ventures. Morgan Stanley Expansion Capital and Greenspring Associates also participated in the round as new investors, joining existing investors Lightspeed Venture Partners, Khosla Ventures and Battery Ventures in the largest single financing round in the history of the converged infrastructure market. The company has now raised a total of $172.2 million. Nutanix will use the new funding to accelerate its global expansion, boost investments in research and development, expand its service delivery capabilities and grow its sales, marketing and support teams.Based in San Jose, CA, the firm delivers web-scale IT infrastructure to medium and large enterprises with its software-driven Virtual Computing Platform, natively converging compute and storage into a single solution to drive unprecedented simplicity in the datacenter. The firm is now uniquely capitalized to service the needs of global enterprise customers. It has exceeded $100 million in lifetime sales and has acquired 13 customers who have purchased more than $1 million of products within two years of launching its award-winning Virtual Computing Platform, cementing its status as the fastest-growing infrastructure company of the decade. Due to an aggressive global expansion strategy, international sales now account for 33 percent of the business and the company has shipped product to more than 30 countries in the last six months."Adoption of web-scale computing, and Nutanix's Virtual Computing Platform in particular, has grown explosively over the last two years, yet we have only scratched the surface of this $100 billion hybrid computing market," says Dheeraj Pandey, CEO of Nutanix. He adds, "The additional support from such a high-quality investor group leaves us uniquely positioned to capitalize on the opportunity and build one of the elite companies of this decade."Nutanix raises $101 Million in Historic Series D Round of FundingGravitant completes $10 Million in Series B Round of FundingDheeraj Pandeymohammed Farooq
< Page 7 | Page 9 >