Nimble Storage To Go Public

NimbleStorage Logo
San Jose, California based Nimble Storage will be going public on the New York Stock Exchange as indicated by a filing with the Securities & Exchange Commission (SEC).  Nimble Storage builds flash-based storage systems.

 

The company competes against EMC and NetApp.  Nimble Storage is looking to raise up to $150 million and will probably trade under the symbol NMBL.

Nimble Storage can handle applications, user data, and server and desktop virtualization projects.  Nimble Storage is based on the CASL architecture.  Nimble Storage launched their first flash-optimized storage products in 2010 and has signed over 1,750 customers.

 

Nimble Storage raised $40 million in funding from Sequoia Capital, Lightspeed Venture Partners, and Accel Partners.

[Source: GigaOM]

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