Financials

Estimates*

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Revenues, earnings & profits over time
EUR2015
R&D budget83.0m

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-

$8.8m

Series A
N/A

$8.3m

Series B

$16.0m

Series C

$25.0m

Series D

$40.7m

Series E
N/A

$168m

Valuation: $1.5b

IPO

$1.1b

Valuation: $1.1b

Acquisition
Total FundingAUD153m

Recent News about Nimble Storage

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More about Nimble Storageinfo icon
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Nimble Storage is a technology company specializing in livestock identification and traceability systems. The company leverages advanced Radio Frequency Identification (RFID) technology to provide comprehensive tracking solutions for the livestock industry. This technology allows for the efficient and accurate identification of animals from birth to death, capturing essential data such as vaccinations, treatments, and movements between regions. This system is crucial for ensuring food safety, controlling diseases, preventing stock theft, and managing livestock effectively.

Nimble Storage primarily serves clients in the agricultural sector, including livestock farmers, ranchers, and regulatory bodies. The company operates in the global market, with a particular focus on regions where livestock farming is a significant part of the economy, such as Kenya.

The business model of Nimble Storage revolves around providing RFID tags and the necessary hardware and software to read and manage these tags. The company generates revenue through the sale of RFID tags, readers, and associated software solutions. Additionally, they may offer subscription-based services for data management and analytics, providing clients with valuable insights into their livestock operations.

Nimble Storage's RFID technology includes transponders (tags, boluses, or microchips) that emit a unique electronic identification number when read at a specific radio frequency. This allows for quick and efficient livestock identification, which is essential for maintaining accurate records and ensuring the traceability of each animal.

In summary, Nimble Storage is a key player in the livestock identification and traceability market, offering innovative RFID solutions that help clients manage their livestock more effectively and ensure compliance with regulatory standards.

Keywords: RFID, livestock, traceability, identification, agriculture, data management, disease control, food safety, anti-theft, technology.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.