Funding Accelerates Disruption of $50B+ Addressable Market and Enables Web-scale Converged Infrastructure Pioneer to Meet Explosive Customer Demand
San Jose, Calif., August 27, 2014 – Nutanix, the web-scale converged infrastructure company, today announced that it has closed a $140 million Series E funding round at over a $2 billion valuation. The round brings the Company’s total funding to $312 million. The round was led by two premier Boston-based public market investors with over $3 trillion in combined assets under management. The new capital will be used to invest in sales, research and development, customer support and marketing and enable the Company to accelerate its vision of making web-scale infrastructure ubiquitous in enterprise datacenters.
“The convergence of servers, storage and networking in the datacenter has created one of the largest business opportunities in enterprise technology, and Nutanix is at the epicenter of this transformation,” said Dheeraj Pandey, co-founder and CEO, Nutanix. “We are proud of the progress we have made, and are confident in capitalizing on the enormous opportunity that lies ahead of us. We recognize the importance of building relationships with leading public market investors, and are honored to welcome them as partners in driving the long-term success of our Company.”
With annualized bookings exceeding a run rate of $200 million, the Company has secured more than 800 customers, including 29 customers who have purchased more than $1 million in aggregate products and services. Nutanix’s growing list of customers includes Airbus, China Merchant Bank, Honda, ConocoPhillips, Total SA, Toyota, US Navy and Yahoo! Japan. These organizations seek the simplicity, scalability and efficiency of web-scale datacenters to power their private cloud environments.
“Nutanix is a valuable partner. Their technology has enabled Toyota to further simplify its datacenter infrastructure, improve performance and lower costs,” said Ned Curic, CTO, Toyota Motor Sales, USA, Inc. “We are discovering transformative benefits through web-scale infrastructure as our Nutanix footprint continues to grow. We look forward to expanding the platform to new workloads in the future.”
To meet the swelling market demand, Nutanix has built a broad international distribution channel and established promising go-to-market partnerships to raise awareness and increase accessibility of the technology. In June, Nutanix announced a landmark OEM agreement with Dell to build the XC Web-scale Converged Appliance. The Dell-branded XC Series combines Nutanix software with Dell hardware and is scheduled for general availability in the fourth calendar quarter of 2014. In July and August, Nutanix signed distribution agreements with Arrow (NYSE: ARW) and Avnet (NYSE: AVT). Combined these partnerships significantly augment existing routes to market and will help extend the Company’s rapid growth.
See CEO Dheeraj Pandey’s blog post about the funding here.
Nutanix delivers web-scale converged 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. Customers can start with a few servers and scale to thousands, with predictable performance and economics. With a proprietary elastic data fabric and consumer-grade management, Nutanix is the blueprint for application-optimized and policy-driven infrastructure.