Converged infrastructure company Nutanix just received a $140 million cash infusion, bringing the company’s total funding to $312 million. The news of the Series E funding, announced today, comes right in the middle of VMWorld and just days after VMware launched its own salvo into the converged infrastructure space with its EVO family of designs.
With Nutanix focusing on web-scale infrastructure and VMware’s EVO:RAIL focusing smaller deployments in the data center, the two won’t compete head-to-head — at least not yet. EVO:RACK, VMware’s larger offering, is in technology preview at VMworld this week, while Nutanix has been showcasing the NX-8150, its new hyper-converged platform, at the same San Francisco event.
The Nutanix funding from unnamed, Boston-based backers values the company at more than $2 billion and pushes its expected IPO into at least 2015. Nutanix “raised an IPO-like amount, at an IPO-like valuation, in a private round with institutional investors who typically buy at IPO time,” CEO Dheeraj Pandey writes in his blog.
The extra time as a private company gives Nutanix time to not only strengthen its foundations before an eventual IPO, but also fortify its muscle against competitors such as VMware parent company EMC. The company is “at war,” Pandey writes, and Nutanix aims to be one of those left standing.
Check out more VMworld 2014 news SDNCentral covered this week:
- VMware’s EVO Doesn’t Scare Nutanix
- VMworld Newswire: NSX, Storage, and a Touch of DevOps
- Quanta Shows Off a VMware EVO:RACK (But Doesn’t Ship Yet)
- Dell & F5 Strike Partnerships With VMware NSX
- VMworld: VMware Gets Its Hands Dirty in Hardware, OpenStack, and Containers
- VMware NSX Puts the Spotlight on Security
- VMware Declares Docker Containers Are Friends, Not Foes