Tuesday, September 17, 2013

Nirvanix Shuts Down, Gives Mere Two Weeks To Customers

San Diego-based cloud storage firm Nirvanix is shutting down, and has given its customers only two weeks to move their data elsewhere, in a stunning flameout for the venture backed startup. Nirvanix apparently told some of its biggest partners and customers Monday about the shutdown, although the company has yet to release any public notice of the shutdown plans. Nirvanix had last raised funding in May of 2012, when it took $25M in funding from such backers as Khosla Ventures, Valhalla Partners, Intel Capital, Mission Ventures and Windward Ventures. The company seemed to be on the upswing, with a long list of high profile customers; the company had even hired Zynga's CIO earlier this year. Nirvanix had started life as a competitor to Amazon S3, but in recent years had shifted its focus to supplying cloud storage to enterprises.

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