Nutanix closed $101 million in Series D financing co-led by Riverwood Capital and SAP Ventures.
The company, which is based in San Jose, California, said it has exceeded $100 million in lifetime sales and acquired 13 customers who have purchased more than $1 million of products within two years of launching its Virtual Computing Platform. Customers include eBay, McKesson, Toyota, Orange Business Services and Hyundai Hysco.
The Nutanix Virtual Computing Platform is a converged infrastructure solution that consolidates the compute (server) tier and the storage tier into a single, integrated appliance.
In addition to Riverwood Capital and SAP Ventures, Morgan Stanley Expansion Capital and Greenspring Associates participated in the round as new investors, joining existing investors Lightspeed Venture Partners, Khosla Ventures and Battery Ventures. The company has now raised a total of $172.2 million in four rounds of funding.
“Adoption of web-scale computing, and Nutanix’s Virtual Computing Platform in particular, has grown explosively over the last two years, yet we’ve only scratched the surface of this $100 billion hybrid computing market,” said Dheeraj Pandey, CEO of Nutanix. “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.”
