He was talking with companies working on that problem and met with Nimble - concluding that its approach would be his approach if he were starting a storage company from scratch. In 2008, Vasudevan was thinking about the next generation of storage and how flash should be incorporated into the product. In 2006, as the leader of its Decru subsidiary, revenues grew from $6 million to $45 million in a year. He then joined Omneon, as CEO and led it to a successful acquisition by Harmonic. Vasudevan came into Nimble as CEO after a decade at NetApp. He oversaw "product strategy/direction that helped NetApp triple" between 20. About 70% are orders for about $50,000 and the balance range between $100,000 and $150,000, according to Vasudevan. Nimble spurs 75% of these calls to nip such problems in the bud.Ĭustomers buy from Nimble in two predominant order sizes. At five minute intervals, Nimble analyzes the health of its customers' networks and if it identifies a current or potential problem - such as unusually high temperature in the data center - initiates a support call. While it can take four to eight hours to set up competitors' products, Nimble customers are up and running in 20 to 30 minutes. Nimble's storage arrays let companies recover data in minutes compared to an hour for competitors' products. With a tiny increase in stored data, Nimble's system lets customers back up their networks every 15 minutes - or as often as they wish - far more frequently than competing products. Fellow enterprise IPO newbie Violin Memory had a lackluster performance upon its opening in September. It should be interesting to see how Nimble Storage performs in the public markets. And data recovery only takes seconds, and Nimble is relatively simple to deploy compared to incumbent products. At the time, Suresh Vasudevan, CEO of Nimble Storage, told us that the company’s secret to success is that its system delivered four to five times more performance and two to five times more capacity than competitors. Nimble Storage had told us last year that an IPO is the goal for the future. It seems unclear from the company on when Nimble Storage will become profitable. The company saw net losses of $6.8 million, $16.8 million, $27.9 million and $19.8 million in the years ended January 31, 2011, 20, and the six months ended July 31, 2013. Nimble Storage saw total revenue $53.8 million in 2013, up from $14 million in 2012. The company has raised $98 million in funding from Sequoia, Accel, Artis Capital Management, Lightspeed Venture Partners, GGV Capital and others. This helps lower equipment costs and streamline storage management. Nimble’s suite of four appliances combines storage, backup and disaster-recovery into a single solution, with each box offering different levels of raw storage capacity (up to 24 terabytes), flash capacity and connectivity speed.Īdditionally, Nimble offers flash-accelerated primary storage performance, instant backup and restores, application-integrated data protection, and offsite disaster recovery, all from a single iSCSI system. The company aims to raise as much as $150 million in the offering, but this is just a placeholder amount and could change.įounded by former Data Domain and NetApp executives Varun Mehta and Umesh Maheshwari, Nimble Storage offers enterprise-grade data storage and backup appliances for small and medium businesses. Nimble Storage, the developer of flash-optimized, hybrid storage and backup solutions for the enterprise, has filed its S-1 with the SEC today.
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