Nutanix, the unicorn startup driving VMware crazy, just filed for an IPO
The S1 shows Nutanix, which is reportedly valued at over $2 billion on private markets, is growing fast but losing a lot of money.
Its revenue grew 8x over the past two years, from just about $30.5 million in the year ended July 31, 2013, to $241.4 million two years later.
But its net loss widened, too, from $44.7 million $126.1 million in the same period.
As is typical in most enterprise startups, most of its operating cost came in sales and marketing. In 2015, it spent $161.8 million in sales and marketing, more than half of its revenue. Its 2013 sales and marketing cost was $27.2 million, almost its entire revenue of $30.5 million.
Nutanix has raised $312 million since 2011, and was last valued at about $2 billion.
Nutanix is one of the leaders in the space called "virtualized storage." It offers an all-in-one hardware box for corporate data centers that combines a computer server and storage.
Specifically, Nutanix sells a one piece of data center hardware that combines a computer server and computer storage and the special software used to make data centers run more efficiently called a "virtualization hypervisor."
As we previously reported, the increasing tension between partners-turned-competitors Nutanix and VMware erupted into an ugly, very public, and somewhat entertaining squabble earlier this year.
- ITC Q3 net profit rises 23% to Rs 5,070 cr; revenue up 3.5%
- Adani’s stock rout can impact its ability to raise capital or refinance debt, says Moody’s
- IndiGo profit soars to ₹1,422.6 crore in December quarter
- Tata Power Q3 net profit nearly doubles to ₹1,052 crore
- Gautam Adani loses richest Indian tag in 1 yr as he drops from 2 to 21 in world rich list