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Nutanix Raises $101 Million From SAP Ventures and Riverwood

The deal values the data center infrastructure player at about $1 billion.

Ryabitskaya Elena/Shutterstock

Nutanix, a supplier of infrastructure products for data centers, will announce today that it has landed $101 million in a fourth round of venture capital funding.

Leading the round are SAP Ventures, the investment arm of the German enterprise software company, and Riverwood Capital. Morgan Stanley Expansion Capital, a private equity unit within Morgan Stanley, and Greenspring Associates joined as new investors. Lightspeed Venture Partners, Khosla Ventures and Battery Ventures participated as prior investors. Goldman Sachs is also a strategic investor.

The investment values Nutanix at about $1 billion, and brings its total capital raised to north of $172 million. Its CEO is Dheeraj Pandey, a former VP at Aster Data Systems, now a unit of Teradata, who has also worked at Oracle.

The company also named two new directors: Jeff Parks, a former executive at private equity firm Kohlberg Kravis Roberts and a founding partner at Riverwood; and Mike Scarpelli, the CFO of ServiceNow, the cloud-based customer service software company and former CFO of Data Domain, now a unit of EMC.

Nutanix specializes in a combined server and storage system that eliminates the need for a storage array to run data-center applications more flexibly. It also makes it easier to expand the size of a data center quickly. Its architecture is based on techniques and practices used in the data centers of Google and Facebook.

It has lately made a significant push to grow in international markets, and last year tapped RiceHadleyGates, the consulting firm led by former Secretary of State Condoleezza Rice, to help. Sales outside the U.S. constitute about a third of its business, and it now ships to 30 countries.

The company says it has recorded a combined $100 million in revenue and has 13 customers who’ve spent more than $1 million. Enterprise customers include eBay, McKesson and PricewaterhouseCoopers.

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