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Nutanix brings financing to $71m through $33m Series C round

22 Aug 2012

Battery Ventures and Goldman Sachs have helped data storage company Nutanix more than double its venture funding through a $33m financing round.

Existing investors Lightspeed Venture Partners and Khosla Ventures also took part in the Series C round, which takes the company’s total financing to $71m.

Nutanix, which provides off-the-shelf server systems, said three-quarters of that funding made up a “war chest” for the company to expand sales, marketing and support, and double up in R&D.

The company raised a $13.3m Series A round in July 2010, seven months after it was founded, and followed up with a $25.3m Series B round 12 months ago.

Co-founder and CEO Deeraj Pandey said Nutanix was “in a perfect storm of paradigm shifts in the datacenter”.

In April Battery Ventures joined DCM and Globespan Capital to put an extra $20m of funding into mobile phone power amplifier solutions company Amalfi Semiconductor.

Amalfi said the cash would be spent expanding its business operations and accelerating product development.

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