Venture capitalists and technology CEOs are waiting — somewhat impatiently — for cloud company Nutanix to go public and end the 2016 IPO stalemate.
Meanwhile, Nutanix's founders and early investors are putting hefty money into what they expect to be the next big thing.
ThoughtSpot, a business intelligence software vendor started in 2012 by Nutanix co-founder Ajeet Singh, announced on Thursday a $50 million financing to accelerate its sales growth.
The Palo Alto, California-based company's backers include Nutanix investors Lightspeed Ventures and Khosla Ventures as well as Nutanix co-founder and CEO Dheeraj Pandey. The new funding round was led by General Catalyst Partners and included money from Geodesic Capital.