Nutanix


Nutanix, Inc. is a cloud computing company that sells hyper-converged infrastructure software, cloud services, and software-defined storage.

History

Nutanix was founded on September 23, 2009 by Dheeraj Pandey, Mohit Aron and Ajeet Singh. In early 2013 Aron left Nutanix to start Cohesity, a privately held enterprise storage company.
Venture capital firms invested $312.2 million over five rounds of funding in Nutanix. The company reached a $1 billion valuation by 2013, which made it known as a "unicorn startup". It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion.
Nutanix filed for an initial public offering in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million. It reported about 5340 employees as of Jul 2019. 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. Later in August 2016, Nutanix announced it had acquired PernixData.
The IPO on September 30, 2016, raised about $230 million after selling 14,87 million shares at a price of $16. This was the biggest IPO of 2016. Analysts expected Nutanix's public offering would be delayed.
In May 2017, Nutanix partnered with IBM to create a series of data center hardware using IBM Power Systems for business apps.
In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore.
On June 1, 2019, Nutanix appointed Brian Stevens to its board of directors. In March 2020, Sohaib Abbasi joined the company's board of directors.
Due to the COVID-19 pandemic, Nutanix announced a furlough impacting about 1,500 employees in April 2020.

Operations

Nutanix provides an enterprise cloud platform which combines storage, computing, and virtualization for clients. The company's software product families include Acropolis and Prism. In 2015, Nutanix was reported to have built a hypervisor in order to make managing computer infrastructure easier.
Nutanix is considered a leader in hyper-converged infrastructure. Nutanix's backers include Lightspeed Venture Partners, Khosla Ventures, and Blumberg Capital.
As of 2020, the company is working to shift to a subscription-based model for billings.

Acquisitions

DateCompanyDescriptionReferences
PernixDataSoftware for virtualizing server-side flash memory and random-access memory.
Calm.ioDevOps automation platform.
NetsilCloud app monitoring startup.
MinjarThe maker of Botmetric, a service that makes the usage of public clouds more efficient and cost effective.
MainFrame2 Inc.Cloud-based Windows desktop and application delivery.