All other existing Nimble investors participated in the round, as well as new investor GGV Capital. To date, it has has raised $98m.
The company said it will use the funding across its operations, with major emphasis on propelling growth in sales, engineering and international market development. The funding will enable it to accelerate customer adoption through increased investments across its operations. It will also seek to broaden its European presence to establish a presence and partnerships in the Asia Pacific region.
“Nimble Storage has delivered groundbreaking innovations and fundamentally reinvented the modern storage system,” said Jim Goetz, general partner, Sequoia Capital. “The company has emerged to become a dominant force in data storage, and its market traction far outpaces other storage entrants of the past few years.”
“Right out of the gate, Nimble Storage established itself as a company that could redefine the data storage landscape – and it has,” added Ping Li, partner, Accel Partners. “Nimble has clearly pulled away from the storage giants and flash-based start-ups alike, and proven its value across an amazing 1,000-plus deployments in the enterprise. Our investment in Nimble continues to deliver high long-term value.”
“We’re gratified by the immense acceptance we’ve received from customers across a wide range of markets, and by the continued trust of our backers,” said Suresh Vasudevan, CEO of Nimble Storage. “While most flash-based startups have concentrated narrowly on high-performance niches, we’ve leveraged flash into a much broader technology platform that delivers superior system performance, capacity efficiency, data protection, scalability, simplicity and overall ROI for mainstream enterprise applications. With our financial performance well ahead of our most aggressive estimates, we’re continuing to reinvest across all areas of our operations as we advance towards an IPO and become an industry leader in the market evolution to flash-optimized storage.”
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