US data storage and management software provider Portworx has completed a $27m series C round featuring corporates NetApp, General Electric, Cisco and Hewlett Packard Enterprise (HPE).
The round was co-led by venture capital firm Sapphire Ventures and the VC arm of Abu Dhabi sovereign wealth fund Mubadala Investment Company.
Power and industrial technology provider General Electric and networking equipment producer Cisco contributed to the round through GE Ventures and Cisco Investments respectively, while cloud services provider NetApp and IT services and product provider HPE invested directly.
Portworx has built a cloud-native storage platform based on open-source Kubernetes data orchestration software, helping enterprises manage and store their data. It will put the funding into international growth, product development and recruitment.
The round brought Portworx’s overall funding to $55.5m, $20m of which came in a 2017 series B round led by Sapphire Ventures and backed by GE Ventures, Mayfield Fund and unnamed existing investors. Mayfield and angel investor Michael Dell had supplied $8.5m for the company in 2015.
Murli Thirumale, Portworx’s co-founder and chief executive, said: “Portworx cloud-native storage and data management solutions enable enterprises to run all their applications in containers in production.
“With this investment round the cloud-native industry recognises Portworx and its incredible team as the container storage and data-management leader. Our customer-first strategy continues to pay off.”
