Nutanix closes funding round at $US101m
- 15 January, 2014 12:46
Datacentre infrastructure vendor, Nutanix, closed its fourth (and most recent) round of financing at the $US101 million mark, bringing its venture funding total to $US172.2m.
The Series D financing effort was co-led by Riverwood Capital and SAP Ventures. Morgan Stanley Expansion Capital and Greenspring Associates joined as new investors, adding to existing participants Lightspeed Venture Partners, Khosla Ventures, and Battery Ventures.
Nutanix said it will use the new funding to accelerate its global expansion, boost investments in research and development, expand its service delivery capabilities and grow its sales, marketing and support teams.
In a statement, the vendor claims it is “uniquely capitalised to service the needs of global enterprise customers” with backing from the participating venture capital firms.
Jeff Parks, a founding partner of Riverwood Capital and former executive at Kohlberg Kravis Roberts and Co, has been named to the Nutanix board of directors. In a separate appointment, chief financial officer (CFO) of ServiceNow and former CFO of Data Domain, has also been named to the board.
Nutanix claims it has exceeded $US100m in lifetime sales to date, and acquired 13 customers which have purchased more than $US1m of products within two years of the launch of the vendor’s Virtual Computing Platform.
International sales sit at 33 per cent of the business, with more than 30 countries receiving shipments within the last six months.
Nutanix entered the Australian market in early June with the launch of its Sydney office. It appointed WhiteGold Solutions as its first Australian and New Zealand (A/NZ) distributor in August, which was closely followed by the hiring of Wayne Neich as A/NZ managing director a month later.