VC-Backed Nimble Storage Seeks To Raise $150M In IPO

Law360, New York (October 18, 2013, 4:08 PM EDT) -- Venture capital-backed data storage company Nimble Storage Inc. will seek to raise up to $150 million in an initial public offering as it looks to amass capital to compete with its larger rivals, according to a regulatory filing by the California-based firm Friday.

The storage device manufacturer counts Silicon Valley-based venture financiers Accel Partners, Lightspeed Venture Partners and Sequoia Capital among its backers. Nimble Storage's primary product is a flash-optimized hybrid storage platform that uses a combination of hard disks and flash drives.

The company did...
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