Nutanix Closes $140M Series E Funding Round

nutanix-logoNutanix, a San Jose, CA-based web-scale converged infrastructure company, closed a $140m Series E funding round.

The round, which brought the total funding to $312m, valued the company at over $2 billion. It was led by two premier Boston-based public market investors with over $3 trillion in combined assets under management.

The company intends to use the funds to invest in sales, research and development, customer support and marketing.

Led by Dheeraj Pandey, co-founder and CEO, Nutanix provides medium and large enterprises with a software-driven Virtual Computing Platform, which natively converges compute and storage into a single solution.
The company has secured more than 800 customers, including 29 customers who have purchased more than $1 million in aggregate products and services.
Customers include Airbus, China Merchant Bank, Honda, ConocoPhillips, Total SA, Toyota, US Navy and Yahoo! Japan.
Nutanix has an international distribution channel and established go-to-market partnerships to increase accessibility of the technology. In June, it announced an OEM agreement with Dell to build the XC Web-scale Converged Appliance, which will combines Nutanix software with Dell hardware. It is scheduled for general availability in the fourth calendar quarter of 2014.
In July and August, the company signed distribution agreements with Arrow (NYSE: ARW) and Avnet (NYSE: AVT).



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