April 4, 2017
$20 Million B-Round for Portworx Validates Container Market Growth
Portworx Signs GE Digital and Lufthansa Systems as Customers to Establish Leadership Position in Enterprise Container Data Services
Los Altos, Calif. – April 5, 2017 – Portworx, the leading provider of container data services for DevOps, today announced it has raised $20 million in an oversubscribed Series B funding round. The company also announced major customers – GE Digital, Lufthansa Systems, University of Toronto and TGen – proving strong demand for enterprise container data services and its leadership in the space. The funding round was led by Sapphire Ventures, with new investors including GE Ventures. Mayfield and other Series A investors also contributed. The round brings Portworx’s total funding to $28.5 million.
Portworx will use this new funding to aggressively ramp up enterprise sales and deliver new key features in the product roadmap, such as data encryption and access controls, hybrid and multi-cloud data management, and deeper integration with container schedulers such as Kubernentes, Docker Swarm and Mesosphere.
Container demand is growing exponentially, but large enterprises adopting stateful containers in production encounter data management challenges in the areas of persistence, high availability (HA), security, automation and multi-cloud deployments. Portworx addresses these challenges head on and has emerged as the go-to solution for container data management, as evidenced by its deployment in a growing number of Fortune 2000 enterprises; GE is using Portworx in its Predix solution, the next-generation platform for the Industrial Internet of Things.
“Platforms like GE Predix represent the latest in cloud engineering — and operate in some of the largest distributed cloud configurations in the world. Portworx helps address our complex DevOps challenges by allowing us to rapidly enable data affinity solutions for containers, while improving data availability and scalability,” said Darren Haas, head of cloud engineering, GE Digital. “Portworx provides infrastructure-agnostic features such as volume persistence, high availability, data security and automation that are valuable to a business like GE Digital.”
Portworx is also adding key members to its board of directors as a result of this new funding round. Jai Das, managing director of Sapphire Ventures, joins the board with over 15 years of experience helping companies innovate their product and marketing strategies to scale and become definitive market leaders. Abhishek Shukla, director of GE Ventures and former member of Cisco’s Corporate Development & Ventures Investments, offers the board insight and expertise in cloud, big data, artificial intelligence and key technologies in the GE Digital portfolio.
“There is a lot of hype around containers today, but we believe there are a select few container-focused companies that have breakthrough technology and significant customers, and Portworx is one of them. From our perspective, the company is paving the way in data management for the new container infrastructure stack,” said Jai Das of Sapphire Ventures. “Enterprises are heavily investing in container data services like Portworx because data is core to their business operations, and organizations need a reliable solution backed by enterprise storage experts.”
“Stateful container deployments will continue to accelerate and grow in enterprises,” said Murli Thirumale, CEO and co-founder of Portworx. “Customers are adopting us rapidly because they recognize the depth of container and storage expertise packaged by Portworx in an easy-to-deploy solution. Container solution providers and enterprises are jumping on integrating data services like Portworx, and we look forward to partnering with vendors and customers alike to solve container data problems at their core.”
Portworx provides scheduler-integrated data services for enterprises running containers in production. With Portworx, users can easily deploy stateful containers on-premises, in the cloud or in hybrid clouds. Unlike legacy storage with container connectors or systems built on key-value stores, Portworx is built from the ground up for cloud-native applications, making container data portable, persistent and protected. Portworx technology is especially suited for solution verticals such as databases, messaging queues, continuous integration and continuous deployment (CICD), big data and content management.
Portworx is container data services, designed for DevOps. Automation is the lifeblood of DevOps, and Portworx automates the deployment and operations of data services at scale. With Portworx, users can run any database or stateful service with any scheduler on any infrastructure. Users get a single data management layer for all their stateful services, no matter where they run. Portworx customers include GE Digital, Lufthansa Systems, University of Toronto, TGen and Fortune 500 names in banking and entertainment. For more information, visit portworx.com.
About Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on helping innovative technology companies become global category leaders. Leveraging nearly two decades of experience and an extensive global enterprise network, Sapphire Ventures invests capital, resources and expertise to enable its portfolio companies to scale rapidly. Whether entrepreneurs sell to businesses, consumers or both, Sapphire Ventures offers a platform for business development and operational excellence to help them accelerate growth. With over $2.4 billion under management via direct growth investments and early-stage fund investments, Sapphire Ventures is positioned to elevate companies to the global stage. Find us in Palo Alto and at www.sapphireventures.com.