HQ: San Jose, Calif.
CEO: Suresh Vasudevan
New Funding: $40.7 million
Backers: Accel Partners, Lightspeed Venture Partners, Sequoia Capital, Artis Capital Management, GGV Capital
Nimble Storage said during the announcement of its most recent funding round something observers of its technology have been saying for a while: it's headed for an initial public offering (IPO). Nimble's game is the integration of high-performance flash storage technology with high-capacity hard disk drives. Nimble's CASL architecture enables storage arrays with up to 36 terabytes of raw capacity, with dynamic caching, scale-out clustering and plenty of other bells and whistles.