Nutanix Secures Financing For Global Data Center Expansion
The company is a provider of next-generation data center infrastructure solutions.
Nutanix has announced that it has closed its $101 million Series D financing co-led by Riverwood Capital and SAP Ventures. Morgan Stanley Expansion Capital and Greenspring Associates also participated in the round as new investors, joining existing investors Lightspeed Venture Partners, Khosla Ventures, and Battery Ventures in the largest single financing round in the history of the converged infrastructure market. The company has now raised a total of $172.2 million in four rounds of funding. Nutanix will use the new funding to accelerate its global expansion, boost investments in research and development, expand its service delivery capabilities, and grow its sales, marketing, and support teams.
Nutanix is now uniquely capitalized to service the needs of global enterprise customers with backing from top Silicon Valley venture capital firms and strategic investments from Goldman Sachs and Morgan Stanley Expansion Capital (a private equity fund within Morgan Stanley Investment Management), two leading global financial institutions; Riverwood, an investor with strong contacts and expertise in global high-tech manufacturing; and SAP Ventures, an independent venture firm affiliated with SAP AG, with a deep understanding of large scale enterprise applications, markets and customers.