Eyeing An IPO, Enterprise Data Company Nimble Storage Raises $40.7M From Sequoia And Accel

Nimble Storage, the developer of flash-optimized,?hybrid storage and backup solutions for the enterprise has raised $40.7 million in funding from led by existing investors Sequoia Capital and Accel Partners. Artis Capital Management, Lightspeed Venture Partners and GGV Capital also participated in the round. This brings Nimble Storage's total funding to $98 million. 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 combine 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.

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