Nutanix, Inc. - SaaS Valuation Profile NTNX

Nutanix, Inc. is an enterprise cloud computing company that provides a hybrid multicloud platform enabling organizations to run applications and manage data seamlessly across private clouds, public clouds, and edge locations. Founded in 2009 by Dheeraj Pandey, Mohit Aron, and Ajeet Singh, and headquartered in San Jose, California, Nutanix pioneered hyperconverged infrastructure (HCI), which converges compute, storage, networking, and virtualization into a single software-defined solution that eliminates the need for traditional SAN storage arrays.

The Nutanix Cloud Platform includes the core AOS (Acropolis Operating System) storage fabric, AHV hypervisor (a free, built-in virtualization layer), Prism management and monitoring interface, and a suite of cloud services including database-as-a-service (NDB), disaster recovery, security hardening, and cost governance. Nutanix Cloud Clusters (NC2) extend the platform to run natively on AWS, Azure, and Google Cloud bare-metal instances, enabling true hybrid cloud portability and unified management.

Nutanix has completed a strategic transition from a hardware-bundled appliance model to a pure software subscription model, with virtually all revenue now delivered as term-based software subscriptions or SaaS. This shift has improved gross margins and revenue predictability. Annual recurring revenue exceeds $2 billion, with gross margins above 85% on software.

The company serves over 25,000 customers globally, including a significant share of Global 2000 enterprises, across industries such as healthcare, financial services, government, retail, and manufacturing. Nutanix generates approximately $2.2 billion in annual revenue and employs around 7,000 people. The company competes primarily with VMware (Broadcom), Microsoft (Azure Stack HCI), and HPE in the enterprise cloud infrastructure market.