August 27th, 2014 by Lyle Smith
Nutanix Raises $140 Million in Series E Funding
Nutanix has announced it has closed a $140 million Series E funding round at over a $2 billion valuation, bringing the company’s total funding to $312 million. The round was led by two Boston-based public market investors with over $3 trillion in combined assets under management. The newly attained capital will be used to invest in sales, research and development, customer support and marketing, which will help enable Nutanix to achieve its vision of making web-scale infrastructure ubiquitous in enterprise datacenters.
Nutanix’s annualized bookings exceed a run rate of $200 million and has secured more than 800 customers, including 29 customers who have purchased more than $1 million in aggregate products and services. The company’s list of customers include: Airbus, China Merchant Bank, Honda, ConocoPhillips, Total SA, Toyota, US Navy and Yahoo! Japan. These organizations require the simplicity, scalability, and efficiency of web-scale datacenters in order to power their private cloud environments.
In addition, Nutanix has built a diverse international distribution channel and has established go-to-market partnerships to raise awareness and increase accessibility of the technology. Back in June of this year, Nutanix announced an OEM agreement with Dell to build the XC Web-scale Converged Appliance. The Dell-branded XC Series couples Nutanix software with Dell hardware, which is slated for general availability sometime in the fourth calendar quarter of 2014. More recently in July and August, Nutanix signed distribution agreements with Arrow and Avnet to significantly augment existing routes to market.