The series C round closed by US-based software development company Pivotal Software last week was actually sized at $653m rather than the $253m cited by a company press release, according to a regulatory filing.
Pivotal announced it had raised $253m in new funding from carmaker Ford, which provided $182m according to Reuters, as well as software producer Microsoft, industrial conglomerate GE, data management firm EMC and EMC-controlled cloud and virtualisation service provider VMWare.
An EMC spokesperson told TechCrunch it provided the additional funding by converting $400m of debt financing to equity as part of the round. EMC spun out Pivotal in 2013 with $105m of investment from GE, a year after acquiring the company.