![]() He holds an MBA from IIM Calcutta, and a BS in Electrical Engineering from the Birla Institute of Technology and Science, Pilani. ![]() in New Delhi, Mumbai and Chicago as a senior engagement manager. Prior to NetApp, he worked at the management-consulting firm McKinsey & Co. He led the product strategy and product development and was a key architect of the steady expansion of NetApp's product portfolio into new markets. Before joining Omneon, he served as a member of the executive team at NetApp, where he used to look after the product operations. The original Nimble Storage team in 2008 Varun, Jim and Umesh present day They drew on all of that experience to build Nimble’s system. He has a PhD from MIT and won a gold medal in CS at IIT Delhi. He architected key parts of Data Domain’s file system. Suresh Vasudevan joined the company as CEO in 2011 and has served as a member of its board of directors since 2009. Varun was VP of engineering at Data Domain. With prior experience in early-stage executive roles at NetApp and Data Domain, the founders are comfortably driving the company by selling their product like flash in an affordable manner to a huge potential customer base of SMEs. The fund raised will be used to help build its sales force and make a customer base for the coming years. The data stored in their device can be easily accessed. Due to the relative low cost and high capacity of the Nimble product, the users do not have to go through the traditional backup model of moving data from disk to tape, then archiving that tape somewhere. Before joining Hewlett Packard Enterprise, Varun was a co-founder and the CEO at Nimble Storage, Inc., which was purchased by Hewlett Packard Enterprise in March 2017. The typical Nimble Storage deployment involves two appliances: one on-site and another is off-site for disaster recovery. Varun Mehta is a technology entrepreneur, strategic business leader, and current vice president of product strategy at Hewlett Packard Enterprise, Inc. The primary storage is accessed most in the flash tier, moving to a higher-capacity disk tier when it is no longer as important. The product of the company is a single appliance on which customers can do both primary storage and backup. In November last year, they have raised their series C funding of $16 million and the total amount raised in the funding by the company is $58 million. Suresh Vasudevan, CEO, Nimble Storage, said that they have an accomplished team, differentiated technology, strong early sales traction and large market opportunity on which they can leverage. Their competitors include Dell/ EqualLogic, EMC and NetApp. They emphasize their ability to reduce data backup windows from hours or even days to seconds. The company targets data storage managers or IT generalists at companies with 200 to 500 employees who wants to combine multiple storage devices into one. Umesh Maheshwari and Varun Mehta founded nimble Storage in 2008. Artis Capital Management led the round with participation from the existing investors Accel Partners, Lightspeed Venture Partners and Sequoia Capital. They do this with Cache Accelerated Sequential Layout (CASL) architecture, based on flash memory and high-capacity drives. Competitors include Dell/ EqualLogic, EMC, and NetApp.Santa Clara: California-based Nimble Storage, provider of data storage, backup and disaster recovery device, has raised $25 million in series D funding. Nimble emphasizes their ability to reduce data backup windows from hours or even days to seconds. 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. This funding is expected to see the company through to profitability.” “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. ![]() “We raised our Series C funding round last fall and still have the majority of those proceeds in the bank,” said Vasuderan. The founders say their biggest company goal is to reach profitability. Nimble Storage currently has 80 employees. He was also the twelfth employee at Data Domain, where he met Maheshwari, who developed parts of their deduplicating file system. Mehta was vice president of engineering at PeakStream Inc., a startup that was acquired by Google. Nimble Storage was founded in 2008 by Umesh Maheshwari and Varun Mehta, pictured to the left (in order) with CEO Vasuderan. Existing investors Accel Partners, Lightspeed Venture Partners and Sequoia Capital were also involved in today’s funding round. Today’s funding is led by stealthy Artis Capital Management, notorious for being quiet about their investments. This attracted the attention of many potential investors, giving us the opportunity to raise capital at a very strong valuation before we really needed it.” “We’ve got an accomplished team, differentiated technology, strong early sales traction, and large market opportunity. ![]() “Absolutely,” said Nimble Storage CEO Suresh Vasuderan in an interview with VentureBeat. N Nimble Storage CEO and key executive team Nimble Storages President and CEO is Suresh Vasudevan.
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