Nutanix

Last updated
Nutanix, Inc.
Company type Public
Founded2009;16 years ago (2009)
Founders
Headquarters
San Jose, California
,
U.S.
Key people
Rajiv Ramaswami (president & CEO)
Products
RevenueIncrease2.svg US$2,149 million (2024)
Increase2.svgUS$7.56 million (2024)
Increase Negative.svg −US$125 million (2024)
Total assets Decrease2.svgUS$2,144 million (2024)
Total equity Decrease2.svg −US$728 million (2024)
Number of employees
7,150 (2024)
Website nutanix.com
Footnotes /references
Financials as of July 31,2024. [1]

Nutanix, Inc. is an American cloud computing company that sells software for datacenters and hybrid multi-cloud deployments. This includes software for virtualization, Kubernetes, database-as-a-service, software-defined networking, security, as well as software-defined storage for file, object, and block storage. [2]

Contents

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 computer data storage company. [3]

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". [4] It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion. [5] Nutanix's backers included Lightspeed Venture Partners, Khosla Ventures, and Blumberg Capital. [6]

Nutanix filed for an initial public offering (IPO) in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million. [7] In August 2016, Nutanix announced it had acquired PernixData. [8]

The IPO on September 30, 2016, raised about $230 million after selling 14.87 million shares at a price of $16. [9] [10] This was the biggest VC-backed IPO of 2016 in the U.S. [11] Analysts expected Nutanix's public offering would be delayed. [12]

In May 2017, Nutanix partnered with IBM to create a series of datacenter hardware appliances using IBM Power Systems for business apps. [13]

In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore [14] and Netsil, [15] a San Francisco-based cloud application monitoring startup. Later the same year, Nutanix acquired the DaaS startup Frame. [16]

On March 28, 2018, Nutanix partnered with HYCU to develop data protection software built for hyper-converged infrastructure environments. [17]

On June 1, 2019, Nutanix appointed Brian Stevens to its board of directors. [18] In March 2020, Sohaib Abbasi joined the company's board of directors. [19]

Due to the COVID-19 pandemic, Nutanix announced a furlough impacting about 1,500 employees in April 2020. [20] In June 2020, Nutanix added Virginia Gambale to its board of directors. [21] In December, 2020, Pandey was replaced as Chief Executive by Rajiv Ramaswami, who had been the Chief Operating Officer at VMware. [22] VMware filed a lawsuit, alleging a conflict of interest, but dropped the legal fight a year later. [23]

In 2021, the company transitioned from making hardware appliances to focusing on subscription software. [24] [25]

In 2022, MinIO alleged that Nutanix had been violating MinIO's free software license, and had done so for three years; with negotiations over the matter leading to no resolution, MinIO reported having revoked Nutanix's license. [26] [ better source needed ] According to Adam Armstrong, writing for TechTarget.com, Nutanix "initially... deny[ied] any wrongdoing" but "walked that position back a week later", acknowledging it had "'discovered some inadvertent omissions in Nutanix Objects' open source attribution and notices required under the Apache 2.0 license,' and apologized for the oversight". [27]

Acquisitions

DateCompanyDescriptionReferences
August 2016PernixDataSoftware for virtualizing server-side flash memory and random-access memory. [28]
August 2016Calm.ioDevOps automation platform [29]
March 2018NetsilCloud application monitoring startup [30]
March 2018MinjarThe maker of Botmetric, a service for public clouds. [31]
August 2018MainFrame2 Inc.Cloud-based Windows desktop and application delivery [32]
December 2023D2iQManage Kubernetes at scale easily

Operations

Nutanix combines storage, computing, and virtualization. The company's software product families include Acropolis, Prism, NDB, Frame, and Files. [33] [34] [35] [36] In 2015, Nutanix was reported to have built a Linux KVM based hypervisor, called AHV (Acropolis HyperVisor) in order to make managing computer infrastructure easier. [37]

Nutanix marketed its products as "hyper-converged infrastructure". [38] In 2020, the company shifted to a subscription business model. [39]

See also

References

  1. ↑ "Nutanix, Inc. FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. September 19, 2024.
  2. ↑ "Nutanix Cloud Platform and Cloud Products". Nutanix, Inc. Retrieved 7 December 2023.
  3. ↑ Bob Brown (June 17, 2015). "Google-infused storage startup Cohesity reveals itself" . Retrieved September 6, 2016.
  4. ↑ Gage, Deborah (January 14, 2014). "The Wall Street Journal". Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants. Retrieved September 10, 2016– via The Wall Street Journal.
  5. ↑ Miller, Ron (27 August 2014). "Nutanix Lands $140M On $2B+ Valuation, IPO Could Be Next". Tech Crunch. Retrieved 1 September 2014.
  6. ↑ Sruthi Shankar, Heather Somerville (September 30, 2016). "Data storage provider Nutanix soars in market debut". Reuters. Retrieved December 2, 2021.
  7. ↑ "Form S-1 Registration Statement". US Securities and Exchange Commission. December 22, 2015. Retrieved August 29, 2016.
  8. ↑ Cromwell Shubarth (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. Retrieved August 29, 2016.
  9. ↑ "Nutanix IPO shows risks of 'unicorn' valuations". Reuters. Retrieved May 14, 2020.
  10. ↑ Ari Levy (September 30, 2016). "Nutanix aims to crack open the tech IPO window". CNBC. Retrieved September 30, 2016.
  11. ↑ "The man behind 2016's biggest U.S. tech IPO shares how the deal went down". Mercury News. Retrieved May 14, 2020.
  12. ↑ Bruno, Giovanni (August 30, 2016). "The Street". CNBC's Pisani Forecasts Possible Fall IPOs. Retrieved September 10, 2016– via The Street.
  13. ↑ "Nutanix partners with IBM on data centre product". The Stack. 2017-05-16. Archived from the original on 2017-11-17. Retrieved 2017-11-17.
  14. ↑ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018. Retrieved 17 March 2018.
  15. ↑ "Nutanix Announces Definitive Agreement to Acquire Netsil". Nutanix. 14 March 2018. Archived from the original on 27 March 2023. Retrieved 26 March 2023.
  16. ↑ Berry, Rachel (9 December 2019). "One year since the acquisition, how has Nutanix Xi Frame progressed?". Tech Target.
  17. ↑ Kovar, Joseph (28 March 2018). "HYCU Spun Out Of Comtrade, Unveils Major New Release Of Its Nutanix Data Protection Tech". CRN.
  18. ↑ "Nutanix Appoints Brian Stevens to Board of Directors". Nutanix. 1 June 2019. Archived from the original on 25 July 2019. Retrieved 25 July 2019.
  19. ↑ "Sohaib Abbasi joins Nutanix board of directors". Help Net Security. Retrieved May 14, 2020.
  20. ↑ Haranas, Mark (May 4, 2020). "Nutanix Confirms Furloughs Of Nearly 1,500 Employees". CRN.
  21. ↑ "Nutanix Appoints Virginia Gambale to Its Board of Directors". BusinessWire. 4 June 2020.
  22. ↑ "VMware COO Jumps Ship To Become New Nutanix CEO". CRN. December 9, 2020. Retrieved December 2, 2021.
  23. ↑ Simon Sharwood (December 2, 2021). "Nutanix, VMware end legal fight over CEO Rajiv Ramaswami: Now they can get back to arguing about computers and clouds". The Register. Retrieved December 2, 2021.
  24. ↑ Kamich, Bruce (8 March 2021). "Nutanix May Find Buying Support Soon". Real Money.
  25. ↑ Hemsoth, Nicole (6 April 2021). "VAST DATA SHEDS HARDWARE BUSINESS TO TACKLE LARGEST USERS". The Next Platform.
  26. ↑ Kapoor, Garima (18 July 2022). "Nutanix Objects Violates MinIO's Open Source License" (company blog). Min.io . Retrieved July 19, 2022.[ independent source needed ]
  27. ↑ Armstrong, Adam (4 August 2022). "How Customers Could be Affected by MinIO-Nutanix Dispute". TechTarget.com . Retrieved June 20, 2025.]
  28. ↑ Somerville, Heather. "Nutanix acquires two startups amid IPO delay". Yahoo! Finance.
  29. ↑ Schubarth, Cromwell (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal.
  30. ↑ Hardcastle, Jessica (March 12, 2018). "Nutanix's Second Acquisition This Month Is Cloud App Monitoring Startup Netsil". SDxCentral.
  31. ↑ "Nutanix buys Bengaluru-based Minjar". The Times of India . March 3, 2018.
  32. ↑ Hardcastle, Jessica (August 3, 2018). "Nutanix Boosts Its Cloud Stack With $165M Frame Acquisition". SDxCentral.
  33. ↑ "Nutanix IncNTNX.OQ". Reuters. Retrieved May 14, 2020.
  34. ↑ van Eenbergen, Coen (9 July 2020). "Nutanix Frame lets any application run from your browser". Techzine.
  35. ↑ "Nutanix Era 2.0: Increased scale and reduced costs for IT and database teams". Help Net Security. 8 October 2020.
  36. ↑ Armstrong, Adam (3 December 2020). "Nutanix Files and Objects Gets New Capabilities". Storage Review.
  37. ↑ Sharwood, Simon (9 Jun 2015). "Nutanix did build 'Acropolis' hypervisor, wants you to bury it". The Register. Retrieved 8 August 2025.
  38. ↑ "Google Could Acquire Nutanix For $9 Billion To Further Its Cloud Ambitions". Forbes. Retrieved May 14, 2020.
  39. ↑ "Nutanix Stumbles on Sales Execution and Subscription Model Growing Pains". The Motley Fool. Retrieved May 15, 2020.
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