View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cloud
May 6, 2016updated 05 Sep 2016 11:49am

Pivotal now a $2.8 billion company as Microsoft and Ford lead $253 million investment round

News: Series C financing round sees Ford back the cloud software provider to the tune of $180m.

By CBR Staff Writer

Microsoft and Ford have led a $253m investment round in Pivotal, putting the value of the cloud-based software platform firm at around $2.8bn.

It is the third investment round for Pivotal, whose other investors include GE, EMC and Vmware.

Pivotal allows global companies to transform with a modern approach focused on building, not buying, software. It accelerates application delivery to overcome challenges associated with enterprise IT cycles that are time taking.

San Francisco-based Pivotal employs over 2,000 people in 17 offices globally. In the first quarter of this year, the company generated $83m in revenue, up 56% year-over-year.

Pivotal Cloud Foundry and Pivotal Big Data Suite have exceeded the $200m and $100m annual bookings run-rate milestones, respectively.

The company’s customers include Comcast, NTT, Cloud Credo, Groupon, Verizon, BMW, and several others.

Commenting on Series C financing round, Pivotal CEO Rob Mee said: "This investment will accelerate our global reach to bring our unique software development methodology and modern cloud platform and analytics tools to every forward-thinking CEO.

Content from our partners
Banks must better balance compliance with customer outreach
How one manufacturer transformed data capabilities by moving to the cloud
Why fashion’s future lies in the cloud

"We are excited to announce Ford and Microsoft as strategic partners to help introduce Pivotal’s transformative cloud and analytics software to the next thousand customers."

Pivotal Cloud Foundry enables Fortune 1000 firms to build new software at startup speed, as well as operate several applications central to running their businesses exponentially faster via greater automation, uptime and security.

Microsoft’s investment is a result of increasing customer demand for Pivotal Cloud Foundry on Microsoft Azure.

Microsoft’s Cloud + Enterprise Division executive vice president Scott Guthrie said: "Our priority is ensuring that Microsoft Azure is the best place to run Java applications using Pivotal Cloud Foundry.

"Today’s announcement is a reflection of this commitment, along with our continued emphasis on choice and flexibility across our cloud platform."

Last month, Tibco Software and Pivotal have collaborated to empower business organisations to simplify the creation of Cloud Native applications.

The collaboration will bring together Tibco’s strength in integration with Pivotal’s modern application development and operations environment.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.