Nutanix

Nutanix, Inc.
Traded as NASDAQ: NTNX
Russell 1000 Component
Industry Distributed Computing and Storage virtualization
Founder Dheeraj Pandey, Mohit Aron, Ajeet Singh
Headquarters San Jose, California, United States
Key people
 Dheeraj Pandey, co-founder and CEO
Products Enterprise Cloud Platform
Website www.nutanix.com

Nutanix is a cloud computing software company that sells what it calls hyper-converged infrastructure (HCI) appliances[1] and software-defined storage.[2]

Nutanix was founded in 2009 by Dheeraj Pandey, Mohit Aron and Ajeet Singh.[3] In early 2013 Aron left Nutanix to start Cohesity, a privately held enterprise storage company.[4]

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".[5] It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion.[6]

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.[7][8] It reported about 1800 employees as of April 2016. 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.[9] Later in August 2016, Nutanix announced it had acquired PernixData.[10] In March 2018, Nutanix announced the acquisition of Minjar, based on Bangalore.[11]

The IPO on September 30, 2016, raised about $230 million.[12] Analysts expected Nutanix's public offering would be delayed.[13] In May 2017, Nutanix partnered with IBM to create series of data center hardware using IBM Power Systems for business apps.[14]

References

  1. ↑ Pash, Chris (March 4, 2014). "Business Insider". Retrieved September 11, 2016.
  2. ↑ "Nutanix Patent Aims To Simplify Software Defined Storage". Tom's IT Pro. Retrieved 29 March 2017.
  3. ↑ "Will Dheeraj Pandey's Nutanix Be the Next VMware of the Data Center?". Forbes. October 26, 2013. Retrieved August 24, 2016.
  4. ↑ Bob Brown (June 17, 2015). "Google-infused storage startup Cohesity reveals itself". Retrieved September 6, 2016.
  5. ↑ Gage, Deborah (January 14, 2014). "The Wall Street Journal". Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants. Retrieved September 10, 2016 – via The Wall Street Journal.
  6. ↑ Miller, Ron (27 August 2014). "Nutanix Lands $140M On $2B+ Valuation, IPO Could Be Next". Tech Crunch. Retrieved 1 September 2014.
  7. ↑ "Form S-1 Registration Statement". US Securities and Exchange Commission. December 22, 2015. Retrieved August 29, 2016.
  8. ↑ Peter Cohan (August 29, 2016). "Will Nutanix Kill 2016's Tech IPO Market?". Forbes. Retrieved August 29, 2016.
  9. ↑ "Ammendment to Form S-1 Registration Statement". US Securities and Exchange Commission. August 16, 2016. Retrieved August 29, 2016.
  10. ↑ Cromwell Shubarth (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. Retrieved August 29, 2016.
  11. ↑ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018. Retrieved 17 March 2018.
  12. ↑ Ari Levy (September 30, 2016). "Nutanix aims to crack open the tech IPO window". CNBC. Retrieved September 30, 2016.
  13. ↑ Bruno, Giovanni (August 30, 2016). "The Street". CNBC's Pisani Forecasts Possible Fall IPOs. Retrieved September 10, 2016 – via The Street.
  14. ↑ "Nutanix partners with IBM on data centre product". The Stack. 2017-05-16. Retrieved 2017-11-17.
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