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