VMWare Competitor Nutanix just Filed Its IPO

December 22, 2015

Nutanix, the startup that’s driving VMWare loopy has filed for its IPO.

the corporate, which makes know-how for large companies’ knowledge centers, simply filed its S1 because it prepares to go public in early 2016.

the company’s S1 displays a valuation of greater than $ 2 billion on private markets. while the company is growing it is also nonetheless dropping some huge cash.

Nutanix says its revenue grew 8x over the last two years, from approximately $ 30.5 million in the year ended July 31, 2013 to $ 241.4 million two years later.

whereas revenue jumped the company’s losses additionally increased from $ forty four.7 million to $ 126.1 million in the identical duration.

the company has by no means carried out a successful quarter and its SEC submitting says income at the firm usually are not expected in the near future.

in 2015, Nutanix spent $ 161.eight million in sales and advertising and marketing, greater than half of its revenue.

Nutanix has raised $ 312 million considering the fact that 2011 and was once not too long ago valued at about $ 2 billion.

the corporate makes a speciality of “virtualized storage” and offers an all-in-one hardware box for company knowledge centers. That field combines computer server capabilities with storage.

IPO’s have not long gone smartly for tech companies in 2015, possibly 2016 will turn things around. opponents in the virtualization area will be looking at the Nutanix IPO closely.

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