Company:Nutanix

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Nutanix, Inc.
TypePublic
Founded2009; 17 years ago (2009)
Founders
  • Dheeraj Pandey
  • Mohit Aron
  • Ajeet Singh
Headquarters
San Jose, California
,
U.S.
Key people
Rajiv Ramaswami (president & CEO)
Products
RevenueIncrease US$2,538 million (2025)
Increase US$173 million (2025)
Increase US$188 million (2025)
Total assetsIncrease US$3,283 million (2025)
Total equityNegative increase US$–695 million (2025)
Number of employees
7,800 (2025)
Websitenutanix.com
Footnotes / references
Financials as of July 31, 2025.[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]

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] 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

Date Company Description References
2016 PernixData Software for virtualizing server-side flash memory and random-access memory. [28]
2016 Calm.io DevOps automation platform [29]
2018 Netsil Cloud application monitoring startup [30]
2018 Minjar The maker of Botmetric, a service for public clouds. [31]
2018 MainFrame2 Inc. Cloud-based Windows desktop and application delivery [32]
December 2023 D2iQ Manage 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 2025 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. September 24, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/1618732/000119312525213801/ntnx-20250731.htm. 
  2. ↑ "Nutanix Cloud Platform and Cloud Products". https://www.nutanix.com/products. 
  3. ↑ Bob Brown (June 17, 2015). "Google-infused storage startup Cohesity reveals itself". https://www.networkworld.com/article/940170/google-infused-storage-startup-cohesity-reveals-itself.html. 
  4. ↑ Gage, Deborah (January 14, 2014). "The Wall Street Journal". Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants. https://blogs.wsj.com/venturecapital/2014/01/14/nutanix-joins-the-1-billion-valuation-club-as-it-takes-on-tech-giants/. 
  5. ↑ Miller, Ron (27 August 2014). "Nutanix Lands $140M On $2B+ Valuation, IPO Could Be Next". Tech Crunch. https://techcrunch.com/2014/08/27/nutanix-lands-140m-on-2b-valuation-to-keep-growing-converged-infrastructure/. 
  6. ↑ Sruthi Shankar, Heather Somerville (September 30, 2016). "Data storage provider Nutanix soars in market debut". https://www.reuters.com/article/us-nutanix-ipo/data-storage-provider-nutanix-soars-in-market-debut-idUSKCN12021N. 
  7. ↑ "Form S-1 Registration Statement". US Securities and Exchange Commission. December 22, 2015. https://www.sec.gov/Archives/edgar/data/1618732/000119312515411021/d937439ds1.htm. 
  8. ↑ Cromwell Shubarth (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. http://www.bizjournals.com/sanjose/blog/techflash/2016/08/nutanix-scoops-pair-of-companies.html. 
  9. ↑ "Nutanix IPO shows risks of 'unicorn' valuations". https://www.reuters.com/article/us-nutanix-ipo-idUSKCN11Z2XR. 
  10. ↑ Ari Levy (September 30, 2016). "Nutanix aims to crack open the tech IPO window". CNBC. https://www.cnbc.com/2016/09/30/nutanix-aims-to-crack-open-the-tech-ipo-window.html. 
  11. ↑ "The man behind 2016's biggest U.S. tech IPO shares how the deal went down". https://www.mercurynews.com/2017/04/20/man-behind-2016-biggest-tech-ipo-shares-how-deal-went-down/. 
  12. ↑ Bruno, Giovanni (August 30, 2016). "The Street". CNBC's Pisani Forecasts Possible Fall IPOs. https://www.thestreet.com/story/13689512/1/cnbc-s-pisani-forecasts-possible-fall-ipos.html. 
  13. ↑ "Nutanix partners with IBM on data centre product" (in en-GB). The Stack. 2017-05-16. https://thestack.com/data-centre/2017/05/16/nutanix-partners-with-ibm-on-data-centre-product/. 
  14. ↑ "Nutanix buys Bengaluru-based Minjar". March 3, 2018. https://timesofindia.indiatimes.com/deals/-ma/nutanix-buys-bengaluru-based-minjar/articleshow/63143862.cms. 
  15. ↑ "Nutanix Announces Definitive Agreement to Acquire Netsil". 14 March 2018. https://www.nutanix.com/press-releases/2018/nutanix-announces-definitive-agreement-acquire-netsil. 
  16. ↑ Berry, Rachel (9 December 2019). "One year since the acquisition, how has Nutanix Xi Frame progressed?". Tech Target. https://searchvirtualdesktop.techtarget.com/opinion/One-year-since-the-acquisition-how-has-Nutanix-Xi-Frame-progressed. 
  17. ↑ Kovar, Joseph (28 March 2018). "HYCU Spun Out Of Comtrade, Unveils Major New Release Of Its Nutanix Data Protection Tech". CRN. https://www.crn.com/news/storage/300101326/hycu-spun-out-of-comtrade-unveils-major-new-release-of-its-nutanix-data-protection-tech. 
  18. ↑ "Nutanix Appoints Brian Stevens to Board of Directors". 1 June 2019. https://www.nutanix.com/press-releases/2019/nutanix-appoints-brian-stevens-to-board-of-directors.html. 
  19. ↑ "Sohaib Abbasi joins Nutanix board of directors". https://www.helpnetsecurity.com/2020/03/25/nutanix-sohaib-abbasi/. 
  20. ↑ Haranas, Mark (May 4, 2020). "Nutanix Confirms Furloughs Of Nearly 1,500 Employees". CRN. https://www.crn.com/news/cloud/nutanix-confirms-furloughs-of-nearly-1-500-employees. 
  21. ↑ "Nutanix Appoints Virginia Gambale to Its Board of Directors". BusinessWire. 4 June 2020. https://www.businesswire.com/news/home/20200604005758/en/Nutanix-Appoints-Virginia-Gambale-Board-Directors. 
  22. ↑ "VMware COO Jumps Ship To Become New Nutanix CEO". CRN. December 9, 2020. https://www.crn.com/news/data-center/vmware-coo-jumps-ship-to-become-new-nutanix-ceo. 
  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. https://www.theregister.com/2021/12/02/vmware_nutanix_ceo_case_ends/. 
  24. ↑ Kamich, Bruce (8 March 2021). "Nutanix May Find Buying Support Soon". Real Money. https://realmoney.thestreet.com/investing/nutanix-may-find-buying-support-soon-15588824. 
  25. ↑ Hemsoth, Nicole (6 April 2021). "VAST DATA SHEDS HARDWARE BUSINESS TO TACKLE LARGEST USERS". The Next Platform. https://www.nextplatform.com/2021/04/06/vast-data-sheds-hardware-business-to-tackle-largest-users/. 
  26. ↑ Kapoor, Garima (18 July 2022). "Nutanix Objects Violates MinIO's Open Source License" (company blog). Min.io. https://blog.min.io/nutanix-objects-violates-minios-open-source-license/. [third-party source needed]
  27. ↑ Armstrong, Adam (4 August 2022). "How Customers Could be Affected by MinIO-Nutanix Dispute". TechTarget.com. https://www.techtarget.com/searchstorage/news/252523508/How-customers-could-be-affected-by-MinIO-Nutanix-dispute. ]
  28. ↑ Somerville, Heather. "Nutanix acquires two startups amid IPO delay". Yahoo! Finance. https://finance.yahoo.com/news/nutanix-acquires-two-startups-amid-ipo-delay-012513668--sector.html. 
  29. ↑ Schubarth, Cromwell (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. https://www.bizjournals.com/sanjose/blog/techflash/2016/08/nutanix-scoops-pair-of-companies.html. 
  30. ↑ Hardcastle, Jessica (March 12, 2018). "Nutanix's Second Acquisition This Month Is Cloud App Monitoring Startup Netsil". SDxCentral. https://www.sdxcentral.com/articles/news/nutanixs-second-acquisition-cloud-app-monitoring-startup-netsil/2018/03/. 
  31. ↑ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018. https://timesofindia.indiatimes.com/deals/-ma/nutanix-buys-bengaluru-based-minjar/articleshow/63143862.cms. 
  32. ↑ Hardcastle, Jessica (August 3, 2018). "Nutanix Boosts Its Cloud Stack With $165M Frame Acquisition". SDxCentral. https://www.sdxcentral.com/articles/news/nutanix-boosts-cloud-stack-165m-frame-acquisition/2018/08/. 
  33. ↑ "Nutanix IncNTNX.OQ". https://www.reuters.com/companies/NTNX.OQ. 
  34. ↑ van Eenbergen, Coen (9 July 2020). "Nutanix Frame lets any application run from your browser". Techzine. https://www.techzine.eu/blogs/cloud/48072/nutanix-frame-lets-any-application-run-from-your-browser/. 
  35. ↑ "Nutanix Era 2.0: Increased scale and reduced costs for IT and database teams". Help Net Security. 8 October 2020. https://www.helpnetsecurity.com/2020/10/08/nutanix-era-2-0/. 
  36. ↑ Armstrong, Adam (3 December 2020). "Nutanix Files and Objects Gets New Capabilities". Storage Review. https://www.storagereview.com/news/nutanix-files-and-objects-gets-new-capabilities. 
  37. ↑ Sharwood, Simon (9 Jun 2015). "Nutanix did build 'Acropolis' hypervisor, wants you to bury it". https://www.theregister.co.uk/2015/06/09/nutanix_acropolis_and_prism/. 
  38. ↑ "Google Could Acquire Nutanix For $9 Billion To Further Its Cloud Ambitions". https://www.forbes.com/sites/greatspeculations/2019/09/10/google-could-acquire-nutanix-for-9-billion-to-further-its-cloud-ambitions/#7b0b394734a9. 
  39. ↑ "Nutanix Stumbles on Sales Execution and Subscription Model Growing Pains". https://www.fool.com/investing/2019/06/03/nutanix-stumbles-on-sales-execution-and-subscripti.aspx. 

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