Software Startup That Rejected Buyout From Microsoft Shuts Down, Sells Assets to Nutanix

Andreessen Horowitz-backed D2iQ, a cloud infrastructure startup formerly known as Mesosphere and which was once popular with software developers, is shutting down. It is the latest in a string of firms to evaporate this year after raising significant venture capital.

D2iQ, which raised $250 million in venture funding, on Thursday sent notices to shareholders that it was being wound down and would distribute assets to creditors. The company had about 150 employees earlier this year, a former employee said, and at one point was generating tens of millions of dollars in revenue annually. Nutanix, a publicly traded enterprise software firm, acquired some D2iQ assets and intellectual property, and hired some former D2iQ employees, a spokesperson said.