Computer Business Startup Receives $101 Million In Investment
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Business Formation & Planning on Wednesday, January 15, 2014.
The computer technology industry can be exciting since new business opportunities are constantly opening up for savvy and creative entrepreneurs. Most of the time it only takes identifying a need in the marketplace for an entrepreneur to be able to begin a profitable and successful company in the computer technology sector. One California computer technology company believes it has identified this need and has now garnered investment funding for a business startup.
The company, Nutanix, recently received $101 million in investment funding which will allow the company to begin research and development for its computer storage products and services. The investment funding will also enable the company to set up expanded sales and support globally. The company also has plans for an IPO.
This recent round of funding included investments from Riverwood Capital, SAP Ventures, Morgan Stanley Expansion Capital and Greenspring Associates. Other companies that have previously invested in Nutanix include Khosla Ventures, Lightspeed Venture and Battery Ventures. As of now there has been $172.2 million invested into Nutanix.
However, this California business startup did not gather this significant amount of venture funding out of nowhere. It takes a solid business plan in order to convince large investors to have confidence that they will receive a good return on investment. This includes a strong marketing plan as well as an efficient operations plan. Additionally, it is important that a startup company ensure its business plan complies with applicable laws in order to reduce risk of costly fines from regulating agencies or even civil litigation disputes.
Source: ZDNet, Datacenter startup Nutanix raises $101m with eye on IPO, Toby Wolpe, Jan. 14, 2014