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Nutanix raises $US140 million in new funding

Nutanix raises $US140 million in new funding

The company is now valued at $US2 billion after it was founded in 2009

Nutanix has closed a $US140 million Series E funding round and is now worth more than $US2 billion.

The round brings the Company’s total funding to $US312 million. It was led by two premier Boston-based public market investors with over $US3 trillion in combined assets under management.

The new capital will be used to invest in sales, research and development, customer support and marketing and enable the company to accelerate its vision of making web-scale infrastructure ubiquitous in enterprise datacentres.

The company was founded in 2009.

Nutanix’s Australian and New Zealand customers include Hyundai Australia Sanity Music, Food Co, Gunnersen, Bentleys Brisbane, Transgrid, Hornsby Shire Council, World Nomads and South Taranaki District Council.

Nutanix chief executive and co-founder, Dheeraj Pandey, said the convergence of servers, storage and networking in the datacentre had created one of the largest business opportunities in enterprise technology, and that Nutanix was at the epicentre of this transformation.

“We are proud of the progress we have made, and are confident in capitalising on the enormous opportunity that lies ahead of us," he said.

"We recognise the importance of building relationships with leading public market investors, and are honoured to welcome them as partners in driving the long-term success of our Company.”

According to a company statement, annualised bookings are exceeding a run rate of $US200 million.

The Company has also secured more than 800 customers, including 29 customers who have purchased more than $US1 million in aggregate products and services.

Nutanix’s growing list of customers includes Airbus, China Merchant Bank, Honda, ConocoPhillips, Total SA, Toyota, US Navy and Yahoo! Japan.

Toyota Motor Sales, USA, chief technology officer, Ned Curic, said the technology had enabled Toyota to further simplify its datacentre infrastructure, improve performance and lower costs.

“We are discovering transformative benefits through web-scale infrastructure as our Nutanix footprint continues to grow," he said.

Read more: Distribution Central acquired: All you need to know about Arrow

"We look forward to expanding the platform to new workloads in the future.”

According to a company statement, it has built a broad international distribution channel and established promising go-to-market partnerships to raise awareness and increase accessibility of the technology.

In June, Nutanix announced a landmark OEM agreement with Dell to build the XC Web-scale Converged Appliance.

The Dell-branded XC Series combines Nutanix software with Dell hardware and is scheduled for general availability in the fourth calendar quarter of 2014.

In July and August, Nutanix signed distribution agreements with Arrow and Avnet.

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Tags AvnetHondaToyotayahoo! JapanairbustransgridUSAToyota Motor Saleschief technology officersouth taranaki district councilUS NavyTotal SABentleys BrisbaneFood CoNutanix chief executive and co-founderHornsby Shire CouncilNed CuricWorld NomadsHyundai Australia Sanity MusicDell-branded XC SeriesArrowDheeraj PandeyChina Merchant BankGunnersenConocoPhillips

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