Nimble Storage raises $25m

Reuters.

Artis Capital Management led the round, in which existing investors Accel Partners, Lightspeed Venture Partners and Sequoia Capital also contributed. Nimble's approach is interesting in that it pushes the use of flash memory almost more for convenience than for performance.

Nimble VP of marketing Dan Leary explained the product to me as being a single appliance on which customers can do both primary storage and backup. Primary storage that's accessed most often resides in the flash tier, moving to a higher-capacity disk tier when it's no longer as important.

Founded by former Data Domain and NetApp executives Varun Mehta and Umesh Maheshwari, Nimble Storage has been selling its data storage and backup appliances like hot cakes, primarily because it is offering enterprise storage to small and medium-sized enterprises that may not be able to afford IT teams, reports the Washington Post.

Nimble's suite of four appliances combine storage, backup and disaster-recovery into a single solution, with each box offering different levels of raw storage capacity, flash capacity and connectivity speed.

Nimble's solutions offer flash-accelerated primary storage performance, instant backup and restores, application-integrated data protection, and offsite disaster recovery - all from a single iSCI system - effectively lowering equipment costs and streamlining storage management.

“We raised our Series C funding round last fall and still have the majority of those proceeds in the bank,” said Vasuderan, notes Venture Beat.

“We didn't plan to seek additional funding until next year, but after receiving many inbound inquiries from prospective investors, decided to raise our round early. This funding is expected to see the company through to profitability.”

Nimble Storage targets data storage managers or IT generalists at companies with 200 to 5000 employees who want to combine multiple storage devices into one.