Converged infrastructure vendor Nutanix closed on $101 million in series D venture funding this week, putting the San Jose, Calif.-based company's value at about $1 billion.
The funding, big by even Silicon Valley standards, was led by Riverwood Capital and SAP Ventures, with participation from new investors Morgan Stanley Expansion Capital and Greenspring Associates, and existing investors Battery Ventures, Khosla Ventures and Lightspeed Venture Partners, according to a Forbes report. That brings the company's total funding to $172.2 million to date.
Converged infrastructure is hot and Nutanix has been gaining attention with its converged compute and storage systems. In July, the company rolled out its first formal channel program, the Nutanix Partner Network.