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NetApp was founded in 1992 by David Hitz, James Lau, and Michael Malcolm as Network Appliance, Inc. At the time, its major competitor was Auspex Systems. In 1994, NetApp received venture capital funding from Sequoia Capital. In 2006, NetApp sold the NetCache product line to Blue Coat Systems. In 2008, Network Appliance officially changed its legal name to NetApp, Inc., reflecting the nickname by which it was already well-known. On June 1, 2015, Tom Georgens stepped down as CEO and was replaced by George Kurian. In May 2018, NetApp announced its first end-to-end NVMe array called All Flash FAS A800 with the release of ONTAP 9.4 software.