9/22/2023 0 Comments Kali nethunterAfter the bubble burst, NetApp's revenues quickly declined to $800 million in its fiscal year 2002. NetApp thrived in the internet bubble years of the mid 1990s to 2001, during which the company grew to $1 billion in annual revenue. It had its initial public offering in 1995. ![]() ![]() In 1994, NetApp received venture capital funding from Sequoia Capital. At the time, its major competitor was Auspex Systems. NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc.
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