San Jose, Calif. — Nimble Storage, a start-up that sells flash-accelerated storage appliances, announced Thursday that the company has received $25 million in a Series D round of funding.
The company is carving out a niche for itself with small business that want a relatively simple enterprise-level storage solution. Nimble’s appliances combine storage, backup, and off-site disaster recovery into a fully integrated suite of products that can be run from a single iSCI system.
Demonstrating that not everyone believes that all future storage needs will be met by cloud-based solutions, the company’s investors include Accel Partners, Sequoia Capital and Lightspeed Venture Partners. This latest round was led by Artis Capital Management.
“We recognize that storage is strategic for businesses; Nimble Storage’s technology is highly differentiated, and we believe the company will disrupt the market,” said Stuart Peterson, Artis Capital Management. “Investments like Nimble Storage don’t come along often, and we wanted to get in early. We believe Nimble Storage will be the next big thing in storage.”
The company offers disaster-recovery solutions through CS-Series technology — enabling instant optimized backups, fast inline data compression that lowers equipment costs and reduces restore time.
Since the company launched in 2010 it has raised $33 million in three funding rounds. Nimble vice president plans to use the influx of funds to help build its sales force and make what he characterized as a customer landgrab.
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