Hyperconverged infrastructure provider Nutanix appears ready to move forward with its planned IPO.

The company updated its prospectus with the SEC this week, revealing that revenue jumped to $102.7 million at the end of January, up from $46.1 million at the end of October 2014.

In addition, the company said its average billings increased to $143.4 million at the end of January from $60.8 million at the end of October 2014. (Nutanix's fiscal year ends in July.)

However, like many startups, Nutanix also is racking up losses as it grows. At the end of January, it said it had an accumulated deficit of $345.2 million.

In Nutanix’s initial S-1 filing late last year, the company indicated it planned a $200 million offering. Those plans were reportedly put on hold in February because of volatility in the markets. If Nutanix pursues its public offering, it would be the one of the first tech IPOs of the year.

The company, which makes an operating system that handles storage in virtualized environments, also gave a hint at its customer base, which it said has climbed to about 2,638 users as of the end of January, up from 782 at the end of July 2014. In its most recent quarter, the company added 494 customers.

Its customers include Activision Blizzard, Best Buy, Covance, Jabil Circuit, Kellogg, Nasdaq, Nintendo, and Nordstrom.

Nutanix sells standalone software and also offers converged appliances. In both cases, the operations behind servers, storage, and virtualization all run on one set of commodity servers. Webscale operators such as Facebook and Google are big on that kind of convergence, because it can keep the size of the data center in check and can make it easier to deploy new applications.

Nutanix does face competition in this space, particularly from storage companies such as Solidfire and EMC, which also have converged offerings. Hewlett Packard Enterprise (HPE) appears to be gunning for Nutanix as well.

Nutanix has been accumulating funding prior to its planned IPO. In 2014 it attracted a $140 millionSeries E that brought its valuation to $2 billion and its funding total to $312 million.

Interestingly, Nutanix co-founder and CEO Dheeraj Pandey decided to voluntarily forfeit $17.5 million worth of restricted stock, according to the updated prospectus. That stock can be redistributed to current and future employees without creating additional shares.