The Lowdown: Founded in 2009, Nutanix is riding the virtualization wave. The San Jose, Calif.-based company says users can virtualize the data center without requiring a SAN, while still offering performance, scalability and data management capabilities. With its flagship Nutanix Complete Cluster's converged compute and storage architecture, Nutanix offers the building blocks for virtualization. The hardware and software play offers the complete server and storage capabilities needed to run virtual machines and store data, which lets users start with what's needed now and grow from there. Since launching the product in 2011, Nutanix has already hit several key milestones, scoring $25 million in Series B funding and receiving a host of industry accolades.