Nutanix

Nutanix, Inc. is a cloud computing company that sells hyper-converged infrastructure (HCI) software , cloud services (such as Desktops as a service, Disaster Recovery as a service, and cloud monitoring), and software-defined storage.

History

Nutanix was founded on September 23, 2009 by Dheeraj Pandey, Mohit Aron and Ajeet Singh. In early 2013 Aron left Nutanix to start Cohesity,  a privately held enterprise storage company. On June 1 2019, Nutanix appointed Brian Stevens to its board of directors.

Venture capital firms invested $312.2 million over five rounds of funding. Nutanix reached a $1 billion valuation by 2013, which made it known as a "unicorn startup". It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion.

Nutanix filed for an initial public offering (IPO) in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million. It reported about 5340 employees as of Jul 2019. Updated registration statements were published several more times, including one on August 16, 2016, showing growing losses as well as revenue, along with positive cash flow from operations. Later in August 2016, Nutanix announced it had acquired PernixData.

In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore.

The IPO on September 30, 2016, raised about $230 million. Analysts expected Nutanix's public offering would be delayed. In May 2017, Nutanix partnered with IBM to create a series of data center hardware using IBM Power Systems for business apps.

Acquisitions

References

Category:Companies established in 2009
Category:Cloud storage
Category:Companies listed on NASDAQ
Category:2016 initial public offerings