D2iq Acquisition, Valuation, Funding & Investors
D2iq was acquired by Nutanix in December 2023.
Cumulative funding D2iq raised
$247M
across 5 funding rounds
Key investors in D2iq
Andreessen Horowitz
Fuel Capital
Khosla Ventures
SV Angel
DCVC
Kleiner Perkins
Foundation Capital
T. Rowe Price
About D2iq
D2iQ is a San Francisco-headquartered enterprise Kubernetes platform provider, evolving from Mesosphere's DC/OS built on Apache Mesos. It delivers Konvoy for cluster management and Kommander for multi-cloud operations to run containerized workloads in datacenters and clouds.
Founded
2013
HQ
San Francisco, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$775M (May 2018)
D2iq Acquisition
D2iq was acquired by Nutanix for an undisclosed price on 8 December 2023.
Before the acquisition D2iq had raised $247M across 5 funding rounds.
Nutanix acquired D2iQ's Kubernetes Platform (DKP) and certain assets on December 8, 2023. D2iQ, formerly known as Mesosphere, is an enterprise cloud software company that developed a leading Kubernetes management platform used by Fortune 100 companies and U.S. government agencies including the intelligence community, military branches, and major system integrators like Lockheed Martin and Northrop Grumman. The acquisition provided DKP, which enables simplified deployment and management of Kubernetes clusters across hybrid and multi-cloud environments with capabilities including multi-tenancy, automated cluster deployment (reducing deployment time from days to minutes), and integration with VMware Cloud Director. Nutanix, a hybrid and multi-cloud infrastructure provider, acquired D2iQ's assets and welcomed several former D2iQ employees, including co-founder and CEO Tobi Knaup, as part of its strategy to expand its cloud-native application management capabilities. D2iQ had faced significant headwinds including workforce reductions and failed acquisition discussions with Google in 2020, ultimately entering liquidation through an Assigned to Benefit of Creditors process before the asset acquisition. The acquisition terms and financial consideration were not publicly disclosed.
| Acquirer | Date | Type |
|---|---|---|
| 8 Dec 2023 | Strategic M&A |
D2iq Valuation
D2iq is currently valued at $775M, based on its Series D in May 2018.
The $125M round was led by Koch Disruptive Technologies and T. Rowe Price.
D2iq's valuation has grown 4.3x from $180M at its Series B in December 2014 to $775M in May 2018, across 2 priced rounds.
D2iq valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2018 | Series D | $775M |
| Dec 2014 | Series B | $180M |
D2iq Funding History
D2iq has raised a total of $247M across 5 funding rounds.
D2iq's first fundraising round was a $2M seed round in May 2013. The most recent completed round was a $125M Series D in May 2018.
D2iq funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2018 | Series D | Koch Disruptive Technologies (lead); T. Rowe Price (lead) | $125M | $775M | D2iQ (formerly Mesosphere) is an enterprise-grade hybrid cloud platform company providing distributed computing and data services at scale. The company announced a $125 million Series D funding round co-led by T. Rowe Price Associates and Koch Disruptive Technologies on May 7, 2018, establishing a post-money valuation of $775 million. The round also included participation from existing investors Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Enterprise, SV Angel, Fuel Capital, and Triangle Peak Partners, along with new investors ZWC Partners, Qatar Investment Authority, and Disruptive Technology Advisers. According to the company announcement, Mesosphere had nearly tripled revenue year-over-year at the time of the funding, reflecting strong market demand for hybrid cloud solutions. The company's technology platform addressed enterprise challenges in adopting containers and microservices, enabling automation of Kubernetes operations alongside data pipelines built from popular open-source tools. The investment reflected investor confidence in the company's team, technology advantage, and progress with leading enterprise customers pursuing digital transformation initiatives. |
| Mar 2016 | Series C | Hewlett Packard Enterprise (lead); Microsoft; Triangle Peak Partners; A.Capital Ventures; Khosla Ventures; Andreessen Horowitz; Employee Stock Option Fund; Fuel Capital | $74M | - | D2iQ (formerly Mesosphere), founded in 2013 and based in San Francisco, developed cloud native application management software, services, and training for DevOps teams, specializing in Kubernetes solutions. D2iQ raised a total of approximately $245M across 8 funding rounds, including Series A and A-II in 2014, Series B in 2014, the 2016 Series C, and a Series D in May 2018 at a $775M valuation. |
| Dec 2014 | Series B | Khosla Ventures (lead); SV Angel; Andreessen Horowitz; Fuel Capital; Center Electric | $36M | $180M | D2iQ, Inc. (formerly Mesosphere) raised a $36 million second funding round announced in December 2014, led by Khosla Ventures, with investors including Andreessen Horowitz, Center Electric, Fuel Capital, and SV Angel. The company specializes in enterprise Kubernetes and cloud-native infrastructure management, enabling scalable deployment and operation of data centers as easily as cloud services. Around 2014, D2iQ focused on its DC/OS platform built on Apache Mesos, targeting big data and container orchestration for enterprises. The funding supported expansion amid growing demand for distributed systems technologies. The company later evolved, rebranding to D2iQ, and was acquired by Nutanix in December 2023 to enhance Kubernetes management capabilities at scale. |
| Jun 2014 | Series A | Andreessen Horowitz (lead); DCVC; Fuel Capital | $11M | - | D2iQ, formerly Mesosphere, raised $10.5 million in a Series A funding round on June 9, 2014, led by Andreessen Horowitz with participation from Data Collective (DCVC) and Fuel Capital. The company, founded by engineers from Twitter and Airbnb, develops enterprise products and commercial support for Apache Mesos, enabling organizations to manage datacenters and cloud resources like a single machine. Mesos powers infrastructure at companies like Twitter and Airbnb for processing petabytes of data with tools like Cronos, Storm, and Hadoop. The funding aims to accelerate adoption of Apache Mesos, with Mesosphere building tools such as Marathon for large-scale orchestration and Deimos for Docker integration. This followed a seed round of $2.25 million from Andreessen Horowitz, Kleiner Perkins, Foundation Capital, and SV Angel. |
| May 2013 | Seed | SV Angel; Kleiner Perkins; Tuesday Capital; Andreessen Horowitz; DCVC; Foundation Capital; Fuel Capital | $2M | - | - |
Who has invested in D2iq?
16 investors have backed D2iq across its funding rounds, including Andreessen Horowitz, Fuel Capital, Khosla Ventures, SV Angel, DCVC and Kleiner Perkins.
Lead investors include Koch Disruptive Technologies, T. Rowe Price, Hewlett Packard Enterprise, Khosla Ventures and Andreessen Horowitz.
D2iq Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | May 2013 | |
| San Francisco, CA | 4 | Participant | May 2013 | |
| San Francisco, CA | 2 | Participant | May 2013 | |
| San Francisco, CA | 2 | Lead | Dec 2014 | |
| United States | 2 | Participant | May 2013 | |
| Seattle, WA | 1 | Participant | Mar 2016 | |
| San Francisco, CA | 1 | Participant | May 2013 | |
| San Francisco, CA | 1 | Participant | Mar 2016 | |
| San Francisco, CA | 1 | Participant | May 2013 | |
| Baltimore, MD | 1 | Lead | May 2018 | |
| San Francisco, CA | 1 | Participant | Mar 2016 | |
| Wichita, KS | 1 | Lead | May 2018 | |
| San Francisco, CA | 1 | Lead | Mar 2016 | |
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Start Free TrialAcquisitions by D2iq
D2iq has acquired 2 companies to date.
Last acquisition by D2iq was on January 1st 2015. D2iq acquired H1 Studios for undisclosed valuation.
Latest Acquisitions by D2iq
| Description | H1 Studios is a Brooklyn-based design agency specializing in web and mobile UI/UX, branding, and development for enterprise and startup clients. The studio has created digital platforms for Salesforce, Heroku, iHeartRadio, and Quirky, emphasizing responsive interfaces and marketing sites. H1 Studios delivers end-to-end services from wireframing to deployment, serving tech and media sectors primarily in the United States. | Orly Atomics is a San Francisco-based startup developing planetary-scale, low-latency transactional database systems. The team applies database theory, distributed algorithms, and compiler expertise to power large web and mobile applications. Formed by engineers with four years of collaboration, it targets hyperscale data management needs. |
| HQ Country | | |
| HQ City | New York City, NY | San Francisco, CA |
| Deal Date | 1 Jan 2015 | 17 Sep 2014 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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D2iq Competitors
D2iq competitors include listed companies like ZeroStack and Ucap Cloud Information, and private ones like CAST AI, Spectro Cloud, CloudBees and Hydra Host.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Miami, FL | Private | - | - | $1B | - | |
| San Jose, CA | Private | - | - | $1B | - | |
| San Jose, CA | Private | $150M | - | $1.1B | 7.7x | |
| United States | Publicly listed | $36M | ($115M) | $99M | 3.2x | |
 China | Publicly listed | $62M | $2M | $784M | 7.1x | |
| Miami, FL | Private | - | - | $800M | - |
D2iq Public Comps
D2iq is no longer listed, but its public comps include Ucap Cloud Information, CANCOM, Inspur, Backblaze, Whitefiber, Wiit, Consensus Cloud, Montnets, Net263 and SAKURA Internet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $62M | $2M | 11.8x | 7.1x | 335.0x | - | |||
| $2B | $118M | 0.4x | 0.4x | 6.3x | 5.7x | |||
| $172M | ($31M) | 3.7x | 2.7x | (20.3x) | - | |||
| $146M | $4M | 6.1x | 5.4x | 225.6x | 20.4x | |||
| $79M | ($2M) | 12.1x | 7.9x | (412.2x) | 25.8x | |||
| $193M | $51M | 6.0x | 6.0x | 22.7x | 14.3x | |||
| $350M | $166M | 3.2x | 3.1x | 6.8x | 5.9x | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
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Common questions about D2iq
| When was D2iq founded? | D2iq was founded in 2013. |
| Where is D2iq headquartered? | D2iq is headquartered in San Francisco, CA, United States. |
| Is D2iq publicly listed? | No, D2iq was acquired by Nutanix in December 2023. |
| Who acquired D2iq? | D2iq was acquired by Nutanix in December 2023. |
| What is D2iq's valuation? | D2iq was last valued at $775M in its Series D in May 2018. |
| How much funding has D2iq raised? | D2iq has raised $247M across 5 funding rounds. |
| What was D2iq's last funding round? | D2iq's last funding round was a $125M Series D in May 2018, led by Koch Disruptive Technologies and T. Rowe Price. |
| Who are D2iq's investors? | D2iq's investors include Andreessen Horowitz, Fuel Capital, SV Angel, Khosla Ventures, DCVC, Microsoft, Kleiner Perkins, Triangle Peak Partners, Tuesday Capital, T. Rowe Price and 6 others. |
| Which companies are comparable to D2iq? | Companies comparable to D2iq include CAST AI, Spectro Cloud, CloudBees, ZeroStack, Ucap Cloud Information and Hydra Host. |
| How many companies has D2iq acquired? | D2iq has acquired 2 companies, including H1 Studios and OrlyAtomics. |
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