Portworx, a Los Altos, Calif.-based storage and data management platform for enterprises to manage data in containers, closed a $27m Series C funding.
The round, which brought total funding raised to date to $55.5m, was co-led by Sapphire Ventures and the ventures arm of Mubadala Investment Company, with support from existing investors Mayfield Fund and GE Ventures, and new financing from Cisco Investments, HPE, and NetApp.
The company intends to use the funds to expand into new global markets, continue developing its flagship platform Portworx Enterprise, and grow its engineering, sales and channel teams.
Led by Murli Thirumale, CEO and cofounder, Portworx provides a cloud-native storage platform for enterprises to manage data in containers and reduce storage, compute and infrastructure costs for running mission critical multi-cloud applications with zero downtime or data loss.
The system solves non-negotiable business requirements like High Availability (HA), data security, multi-loud data management and disaster recovery in a fully-automated manner for Kubernetes-based applications.
Customers include GE Digital, Lufthansa Systems, HPE and thirty members of the Fortune Global 2000 or federal agencies.
FinSMEs
20/03/2019