The company, which has now raised over $172 million in funding, will use the new capital to accelerate its global expansion, boost investments in research and development, expand its service delivery capabilities and grow its sales, marketing and support teams.
Nutanix' massive round is one of the top six largest VC financings ever for a U.S.-headquartered company in the computer hardware industry, according to the PitchBook Platform. Not only has the industry seen some massive deals over the years, it has also experienced an impressively consistent level of venture capital activity. Since 2003, capital invested each year has eclipsed the $1 billion mark, reaching its highest point in 2011 ($1.6 billion). 2011 also set the high-water mark in terms of number of deals completed with 124. The six largest deals in the space include financings for Plastic Logic ($200 million in 2011), Violin Memory ($169 million in 2013), Pure Storage ($150 million in 2013), Axsun Technologies ($111 million in 2001), Tabula ($108 million in 2011) and, of course, Nutanix.