Nutanix was founded with a bold vision: to make managing IT infrastructure so simple that it becomes invisible. It all started with bringing together compute, storage, networking, and virtualization in one invisible stack.
Background:
Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Nutanix’s radically simple compute and storage infrastructure enables organizations around the world to use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments.
Despite selling an appliance, all of Nutanix’s intellectual property is in its software. There is significant intellectual property required to knit together servers as a common storage resource pool and still provide the performance, scalability and availability expected for enterprise applications.
Battery participated in the company’s series C and series D financings in 2012 and 2013, respectively. Battery also bought shares in the company’s IPO.
Outcome:
Nutanix went public in September 2016 (NASDAQ: NTNX).
The presented case study investment was made in particular economic and market conditions. There can be no assurance that Battery Venture would elect, or be able, to exploit similar opportunities in a similar manner under similar or different economic and market conditions. More generally, there can be no assurances that the Battery vehicles will have comparable investment opportunities in the future. No assumptions should be made that any investments identified above were profitable. It should not be assumed that recommendations made in the future will be profitable or comparable to the portfolio company described in this case study. For a full list of all Battery Ventures investments, please click here.
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