Enterprise Cloud Platform Plans IPO


As reports by VatorNews pointed out Wednesday (Dec. 23), CB Insights published a list of companies that are likely to go public in 2016. One of those companies, Nutanix, seems to be already validating that prediction.

The enterprise cloud company reportedly filed an S-1 form with the Securities and Exchange Commission, signaling its preparation for an IPO in which it will look to secure $200 million in funding.

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“We provide a leading next-generation enterprise cloud platform that converges the traditional silos of server, virtualization and storage into one integrated solution and can also connect to public cloud services,” reports said Nutanix stated in its SEC filing. “Our software-driven platform delivers the agility, scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.”

The firm will look to go public on the Nasdaq Global Select Market and trade under the symbol NTNX, reports said.

Its latest financial reports reveal growing revenue for the company, with $241 million posted for FY2015, up from $113 million in FY2014. But reports noted that Nutanix’s net losses are also on the rise, up to $126 million in 2015 from $84 million the year prior.

Nutanix secured $140 million in Series E funding last year, with participating investors including Blumberg Capital, Lightspeed Venture Partners, Khosla Ventures and Battery Ventures, reports said.