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Portworx secures $27 million series C funding, unveils update to container management platform

March 22, 2019 / Cloud Computing News

Portworx, a provider of storage and data management software for containers, has announced a $27 million (£20.5m) series C funding round – and touted record revenue and customer growth in the process. The company’s series C, putting its total funding at $55.5m, was co-led by Sapphire Ventures and the venture arm of Mubadala Investment Company, with new investors Cisco Investments, HPE and NetApp joining Mayfield Fund and GE Ventures in the round. The company noted its customer base had expanded by more than 100%, with total bookings going up 50% just between the third and fourth quarters of 2018. Among the new customers are HPE, with the infrastructure giant eating its own dog food in the funding stakes by investing after purchasing the Portworx Enterprise Platform.