Hybrid Data Storage And Backup Company Nimble Storage Files For $150M IPO

TechCrunch

Nimble Storage, the developer of flash-optimized, hybrid storage and backup solutions for the enterprise, has filed its S-1 with the SEC today. The company aims to raise as much as $150 million in the offering, but this is just a placeholder amount and could change.

Founded 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’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.

Additionally, 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. This helps lower equipment costs and streamline storage management. The company has raised $98 million in funding from Sequoia, Accel, Artis…

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