Nutanix Inks $13.2M Series A

Santa Clara, Calif.-based Nutanix, a developer of a converged compute and storage appliance for virtualized data centers, has closed on $13.2 million in Series A financing. Lightspeed Venture Partners and Blumberg Capital both contributed to the round, which will Nutanix says will be used to establish the company’s market presence in North America.

PRESS RELEASE
Nutanix, developer of a converged compute and storage appliance for virtualized data centers, today announced that it has received $13.2 million in Series A funding in a significantly oversubscribed round. Investors include Lightspeed Venture Partners, which manages over $2 billion of committed capital and has made successful investments in companies such as Brocade, Riverbed, and Fusion-io, and Blumberg Capital, an early-stage venture firm. The funding will be used to help Nutanix establish a strong market presence in North America.

Nutanix is bringing “Google-like” scale-out and converged infrastructure to the world of virtualized data centers. Designed from the ground up for server and desktop virtualization, Nutanix Complete Appliance shrinks the datacenter through its converged architecture, dramatically reducing capital costs, power consumption and administration costs. The market is moving towards converged appliances for data centers, with companies such as EMC Corporation, Cisco Systems, NetApp, VMware and HP introducing server and storage bundles (Vblock, FlexPod, BladeSystem Matrix and others). In contrast, Nutanix Complete Appliance brings data closer to virtual machines, delivering true convergence through a combination of scalable software and industry-standard hardware components. Purpose-built for virtualization, the Nutanix converged architecture provides cost, performance and manageability benefits that are not possible by simply bundling servers and storage.

Nutanix founders have impressive careers leading technology innovation at Google, Oracle and Aster Data Systems, a scale-out data warehousing company recently acquired by Teradata. Co-founder and CEO Dheeraj Pandey was formerly vice president of engineering at Aster Data and played a leadership role in the development of Oracle Database and Oracle Exadata. Co-founder Dr. Mohit Aron, CTO, was lead architect at Aster Data and earlier led the design and development of Google File System (GFS), the software that manages data on Google’s converged compute and storage clusters. Co-founder and chief products officer Ajeet Singh was previously senior director of product management at Aster Data and played a key role in defining Oracle’s early strategy for cloud computing. In addition to Pandey, Aron and Singh, the Nutanix board of directors includes Ravi Mhatre and Bipul Sinha from Lightspeed Venture Partners.

Nutanix Moves Beyond Legacy Architectures

“The architecture that fully separates the compute tier from storage was designed twenty years ago. Since then, virtualization and solid-state drives have disrupted the technology stack, creating the need to fundamentally rethink the architecture. Scale-out clusters, virtualization, and solid-state drives are the building blocks that will form the foundation of next-generation cloud environments,” said the Nutanix founders. “We realized that a truly converged architecture would drastically shrink and simplify the data centers for cloud computing and provide disruptive cost, performance and manageability benefits.”

Nutanix is guided by an advisory panel including industry veterans, IT leaders and prominent computer-science researchers.

Mark Leslie was the founding chairman and CEO of VERITAS Software and has served on the boards of VMware and NetApp. Frank Artale, a partner at venture capital firm Ignition Partners, was most recently group vice president, business development, at Citrix Systems. Beth White was vice president of marketing and a member of the executive team that led Data Domain through its IPO and acquisition by EMC for $2.1 billion. David Schneider was most recently the executive vice president, Global Sales, EMC. Alan Boehme is senior vice president, IT strategy and enterprise architecture, at ING. Dr. Willy Zwaenepoel, a professor and dean at École Polytechnique Fédérale de Lausanne (EPFL), Switzerland, is a leading expert in operating systems and distributed systems.

“Nutanix has a strong management and technical team with a successful record of building scale-out systems that are used by enterprises and companies such as Google,” said Mhatre of Lightspeed Venture Partners. “We’re extremely impressed with the company’s breakthrough solution for a market with huge potential.”

“Nutanix has developed a technology that does away with the cost and complexity of network storage by uniquely combining compute and storage. We are excited to help build this disruptive company,” said David Blumberg of Blumberg Capital.

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About Nutanix

Nutanix is leading the charge in shrinking the virtualized data center through convergence of storage and compute tiers, driving out the cost and complexity associated with network storage. Nutanix’s revolutionary appliance provides enterprise-class compute and storage capabilities for virtual servers and virtual desktops. Nutanix is founded by a team that has built scalable systems such as Google File System and enterprise-class systems such as Oracle Database/Exadata in the past. The company is based in Silicon Valley and is backed by Lightspeed Venture Partners and Blumberg Capital. For more information, write to info@nutanix.com.

Nutanix and Nutanix Complete Appliance are trademarks of Nutanix, Inc. All other trademarked names or terms in this document are the properties of their respective owners.

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