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Nimble Storage

Technologycloud storagedata storageenterprise softwarehardwarepredictive analytics

Nimble Storage is a predictive flash storage technology company which gives businesses the fastest, most reliable access to data. The Company produces hardware and software products for data storage, specifically data storage arrays that use the iSCSI and Fibre Channel protocols and includes data backup and data protection features. Nimble's predictive analytics combined with flash storage radically simplify IT operations in one's data center and in the cloud.

Nimble's patented Cache Accelerated Sequential Layout architecture, designed from the ground up to effectively combine flash with high capacity drives, makes high performance affordable, simplifies and enhances disaster recovery and backup, and delivers stress-free operations.

Revenue(FY, 2017)
$402.6 M
Customers(FY, 2017)
10.2 K
Type
Subsidiary
Parent Company
Hewlett Packard Enterprise
HQ
San Jose, US
Founded
2007
Website
nimblestorage.com
Nimble Storage was founded in 2007 and is headquartered in San Jose, US

Key People at Nimble Storage

Suresh Vasudevan

Suresh Vasudevan

President and CEO
Dan Leary

Dan Leary

VP Marketing
Umesh Maheshwari

Umesh Maheshwari

Founder and CTO
Varun Mehta

Varun Mehta

Founder and VP of Engineering

Nimble Storage Office Locations

Nimble Storage has offices in San Jose, New York, Durham, Hamburg and in 15 other locations
San Jose, US (HQ)
211 River Oaks Parkway
Seoul, KR
159-1 ASEM Tower 30F, #3055 Samsung-Dong, Gangnam-Gu
Tokyo, JP
Shinagawa East One Tower 4F 2-16-1 Konan, Minato-ku
Hong Kong, HK
31/F, Tower One, Times Square, 1 Matheson Street
Beijing, CN
A2 Gong Ti Bei Rd
North Sydney, AU
Level 6, 111 Pacific Highway
Show all (19)

Nimble Storage Data and Metrics

Nimble Storage Summary

Founding Date

2007

Total Funding

$139.8 m

Investors

Sequoia Capital, GGV Capital, Lightspeed Venture Partners, Accel Partners, Wing Venture Capital, ARTIS Ventures
In total, Nimble Storage had raised $139.8 m. Nimble Storage is a subsidiary of Hewlett Packard Enterprise

Nimble Storage Financial Metrics

Nimble Storage's revenue was reported to be $402.6 m in FY, 2017 which is a 25% increase from the previous period.
USDFY, 2015FY, 2016FY, 2017

Revenue

227.7 m322.2 m402.6 m

Revenue growth, %

42%25%

Cost of goods sold

79 m112.6 m145.7 m

Gross profit

148.7 m209.6 m256.9 m

Gross profit Margin, %

65%65%64%

Sales and marketing expense

143.6 m198 m254.9 m

R&D expense

70.3 m94 m116.2 m

General and administrative expense

30.9 m36.2 m42.4 m

Operating expense total

244.8 m328.2 m413.6 m

EBITDA

(32.3 m)(20.4 m)(39.1 m)

EBITDA margin, %

(14%)(6%)(10%)

EBIT

(96.1 m)(118.6 m)(156.6 m)

EBIT margin, %

(42%)(37%)(39%)

Pre tax profit

(98 m)(119.1 m)(157 m)

Income tax expense

837 k1 m1.3 m

Net Income

(98.8 m)(120.1 m)(158.3 m)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

46.5 m53.8 m59.1 m71.3 m80.1 m80.7 m86.4 m97.1 m102 m

Cost of goods sold

16.3 m18.5 m20.7 m24.8 m27.8 m28 m31.6 m34.4 m37 m

Gross profit

30.2 m35.2 m38.4 m46.5 m52.3 m52.7 m54.8 m62.7 m65.1 m

Gross profit Margin, %

65%66%65%65%65%65%63%65%64%

Sales and marketing expense

29.2 m36.6 m37 m44.4 m47.9 m49.9 m60.4 m61.7 m64.9 m

R&D expense

14.2 m17.4 m19.7 m21.7 m24.5 m22.9 m26.1 m29.6 m28.7 m

General and administrative expense

6.4 m7.1 m8.9 m9.3 m9.4 m8.2 m10.4 m10.8 m10.4 m

Operating expense total

49.9 m61.2 m65.6 m75.4 m81.8 m81 m97 m102.1 m104.1 m

EBIT

(19.6 m)(25.9 m)(27.1 m)(28.9 m)(29.5 m)(28.3 m)(42.2 m)(39.3 m)(39 m)

EBIT margin, %

(42%)(48%)(46%)(41%)(37%)(35%)(49%)(40%)(38%)

Interest expense

(4 k)68 k

Interest income

(4 k)68 k

Pre tax profit

(19.4 m)(26 m)(28.2 m)(28.8 m)(29.8 m)(28.3 m)(42.4 m)(39.6 m)(39 m)

Income tax expense

156 k162 k219 k212 k288 k251 k317 k338 k313 k

Net Income

(19.6 m)(45.7 m)(74.1 m)(29 m)(59.1 m)(87.7 m)(42.7 m)(82.6 m)(121.9 m)
USDFY, 2015FY, 2016FY, 2017

Cash

208.4 m211.2 m184.8 m

Accounts Receivable

35.3 m50.4 m64.3 m

Inventories

12 m16 m21.9 m

Current Assets

260.6 m283.6 m280 m

PP&E

36.7 m47.4 m51.3 m

Total Assets

301.6 m331.7 m333 m

Accounts Payable

19.8 m24.3 m33 m

Current Liabilities

83.2 m107.2 m145.8 m

Total Liabilities

133 m176.1 m226 m

Additional Paid-in Capital

368.7 m476.3 m586.1 m

Retained Earnings

(199.9 m)(320 m)(478.3 m)

Total Equity

168.6 m155.6 m107 m

Financial Leverage

1.8 x2.1 x3.1 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

204.3 m205.8 m205 m201.5 m213.6 m209.7 m203 m194.2 m180.7 m

Inventories

7.3 m9.3 m10.6 m12.9 m13.7 m14.7 m15.5 m18.1 m20.4 m

Current Assets

241.5 m247.8 m255.2 m263.8 m275.3 m274.9 m271.8 m269.4 m268.2 m

PP&E

23.1 m24.7 m29.4 m38.8 m43.6 m46.3 m49.9 m50 m52.9 m

Total Assets

268.8 m276.6 m288.7 m306.9 m323.1 m325.5 m322.6 m321.5 m323 m

Accounts Payable

14.4 m16 m20.8 m20.7 m23.4 m24.9 m26.1 m28.7 m34.2 m

Current Liabilities

53.9 m64.8 m71.9 m80.9 m96.5 m98.1 m109.8 m122 m131.1 m

Additional Paid-in Capital

302.9 m321.6 m350.3 m399.4 m425.3 m451.5 m505.3 m529.9 m559.2 m

Retained Earnings

(120.7 m)(146.8 m)(175.2 m)(228.9 m)(259 m)(287.6 m)(362.7 m)(402.6 m)(441.9 m)

Total Equity

182.3 m175 m175.1 m170.3 m166 m163.6 m142.4 m126.6 m116.4 m

Financial Leverage

1.5 x1.6 x1.6 x1.8 x1.9 x2 x2.3 x2.5 x2.8 x
USDFY, 2015FY, 2016FY, 2017

Net Income

(98.8 m)(120.1 m)(158.3 m)

Depreciation and Amortization

8.8 m15.6 m22.6 m

Accounts Receivable

(17.6 m)(15.2 m)(13.9 m)

Inventories

(6.2 m)(3.9 m)(9 m)

Accounts Payable

8.5 m7.7 m8.9 m

Cash From Operating Activities

5.4 m5.8 m(15.6 m)

Purchases of PP&E

(20.8 m)(29.4 m)(23.9 m)

Cash From Investing Activities

(20.9 m)(25.5 m)(24.9 m)

Cash From Financing Activities

15.7 m23 m14.2 m

Interest Paid

23 k105 k93 k

Income Taxes Paid

394 k594 k1.4 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(19.6 m)(45.7 m)(74.1 m)(29 m)(59.1 m)(87.7 m)(42.7 m)(82.6 m)(121.9 m)

Depreciation and Amortization

1.8 m3.8 m6 m3.3 m6.9 m11 m5.1 m10.6 m16.5 m

Accounts Receivable

(8.1 m)(11.9 m)(17 m)(9 m)(7.9 m)(9.3 m)3.5 m1.3 m(8.8 m)

Inventories

(1.8 m)(3.7 m)(4.7 m)(906 k)(1.6 m)(2.6 m)(604 k)(4 m)(6.7 m)

Accounts Payable

5.6 m7.6 m11.6 m2.6 m3.3 m6.1 m759 k1.8 m9 m

Cash From Operating Activities

452 k3.3 m(3.2 m)(8.3 m)6.6 m3.5 m(8.3 m)(12.4 m)(23.7 m)

Purchases of PP&E

(3.7 m)(7.9 m)(12.8 m)(8.1 m)(14 m)(23 m)(6.8 m)(11.8 m)(18.5 m)

Cash From Investing Activities

(3.7 m)(8 m)(12.9 m)(8.1 m)(14 m)(23 m)(6.8 m)(11.8 m)(19.4 m)

Cash From Financing Activities

(1 m)1.9 m12.7 m9.4 m12.7 m21 m6.4 m7.2 m12.9 m

Interest Paid

23 k13 k18 k25 k4 k17 k33 k

Income Taxes Paid

34 k251 k373 k73 k207 k452 k256 k349 k499 k

Nimble Storage Operating Metrics

FY, 2011FY, 2015FY, 2016FY, 2017

Enterprise Customers

404.9 k7.5 k10.2 k

Customers

4.97 k7.58 k10.2 k

Patents Issued

41425

Patents and Patent Applications

25

Nimble Storage Revenue Breakdown

Nimble Storage Job Categories

Nimble Storage Median Salaries

Source: 183 public H-1B filings from Nimble Storage

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Traffic Overview of Nimble Storage

Nimble Storage Online and Social Media Presence

Nimble Storage News and Updates

May 10, 2017

Lightspeed’s co-founders on their 17-year-long ‘overnight’ success story

 Lightspeed Venture Partners is having quite a year. But to learn a little more about the firm’s earliest days, how exactly it helps startups and whether it thinks the pace of innovation right now can keep up with the amount of capital flooding the market, investor Semil Shah of the seed-stage firm …
April 19, 2017

A top Silicon Valley dealmaker is predicting a big year for tech M&A

In light of the current state of the global economy, capital market conditions and political climate, many are wondering what lies ahead for this year’s technology M&A market. In the U.S., we are closely watching the Trump administration as it pursues its agenda to tigh…
March 08, 2017

10 things in tech you need to know today (FB, GOOG, HPE, SNAP)

Good morning! Here is the tech news you need to know this Wednesday. 1. WikiLeaks published thousands of documents that it says come from the CIA's Center for Cyber Intelligence. The release appears to give an eye-opening look at the intimate details of the agency's cyberesp…
January 10, 2017

Flash storage startup Kaminario raises $75 million

Kaminario, a startup that sells all-flash storage hardware, today announced a $75 million funding round. Founded in 2008, the Newton, Massachusetts-based startup carries out its research and development in Israel, where it has a team of engineers just outside of Haifa. Dani Golan, Kaminario’s founde…
November 03, 2016

Lightspeed Venture Partners Teardown

CB Insights Note This teardown features annotations & commentary by four partners at Lightspeed Venture Partners. As in all teardowns, the data analyzed comes from CB Insights. Thanks to the Lightspeed team for updating/confirming their portfolio data on the CB … Continued
October 22, 2016

What is the Internet of Things (IoT)?

You've likely heard the phrase "Internet of Things" — or IoT — at some point, but you might also be scratching your head figuring out what it is or what it means. The IoT refers to the connection of devices (other than typical fare such as computers and smartphones) to the I…
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Nimble Storage Company Life and Culture

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