Nutanix CEO Dheeraj Pandey says the new enables his company to capitalize on more opportunities

Nutanix CEO Dheeraj Pandey says the new enables his company to capitalize on more opportunities.

Nutanix Secures $101M in Series D Financing

Nutanix this week secured $101 million in funding, bringing its total to $172.2 million.

Datacenter infrastructure solutions provider Nutanix this week secured $101 million in funding, bringing its total to $172.2 million.

The Series D round was co-led by Riverwood Capital and SAP Ventures. Additional investments were made by Morgan Stanley Expansion Capital and Greenspring Associates, joining existing investors Lightspeed Venture Partners, Khosla Ventures and Battery Ventures.

Nutanix said the funding will be used to boost investments in research and development, expand its service delivery capabilities and grow its sales, marketing and support teams.

Nutanix CEO Dheeraj Pandey said in a prepared statement that the new funding enables his company to capitalize on more opportunities.

"Adoption of web-scale computing, and Nutanix’s Virtual Computing Platform in particular, has grown explosively over the last two years, yet we’ve only scratched the surface of this $100 billion hybrid computing market," he said.

In addition to the funding, Nutanix appointed Jeff Parks, a founding partner of Riverwood Capital and former executive at Kohlberg Kravis Roberts & Co., to the company's board of directors.

Mike Scarpelli, CFO of ServiceNow and former CFO of Data Domain, was also named to Nutanix’s board of directors.

Nutanix, a company that only sells through the channel, has a partner program available with various partner levels and benefits.

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