Nutanix bags second mega funding round this year

Fledgling storage firm snaps up $140m funding

Virtualised datacentre platform start-up Nutanix has raised another $140m (£84.31m) in its second round of funding for the year.

The US-based web-scale converged infrastructure company now has a total funding of $312m and a value of $2bn.

The funds have been earmarked for investment in sales, R&D, customer support and marketing and will "enable the company to accelerate its vision of making web-scale infrastructure ubiquitous in enterprise datacenters", Nutanix said in its announcement.

According to sources cited in Bloomberg Businessweek, this round of financing was led by Fidelity Investments and Wellington Management.

Nutanix's chief financial officer Duston Williams was also cited by Bloomberg as saying that Nutanix plans to hold an initial public offering "roughly a year from now", although he added it could be delayed until 2016.

In January this year Nutanix raised $101m after a round of funding led by Riverwood Capital and SAP Ventures. Those funds were ploughed into global expansion, R&D and boosting service delivery and sales and marketing capabilities, as well as dedicated channel resource.

The most recent round of funding follows an agreement in June with Dell to expand Nutanix's sales channel, which saw Dell offer a new family of converged infrastructure appliances based on Nutanix web-scale technology.