{"id":14496,"date":"2019-03-20T15:06:11","date_gmt":"2019-03-20T15:06:11","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/portworx-raises-27m-series-c-for-its-cloud-native-data-management-platform.html"},"modified":"2019-03-20T15:06:11","modified_gmt":"2019-03-20T15:06:11","slug":"portworx-raises-27m-series-c-for-its-cloud-native-data-management-platform","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/portworx-raises-27m-series-c-for-its-cloud-native-data-management-platform.html","title":{"rendered":"Portworx raises $27M Series C for its cloud-native data management platform"},"content":{"rendered":"

As enterprises adopt cloud-native technologies like containers to build their applications, the next question they often have to ask themselves is how they adapt their data storage and management practices to this new reality, too. One of the companies in this business is the four-year-old Portworx<\/a>, which has managed to attract customers like Lufthansa Systems, GE Digital and HPE with its cloud-native storage and data-management platform for the Kubernetes container orchestration platform.<\/p>\n

Portworx today announced that it has raised a $27 million Series C funding round led by\u00a0 Sapphire Ventures <\/a> and the ventures arm of Abu Dhabi\u2019s Mubadala Investment Company. Existing investors Mayfield Fund and GE Ventures also participated, as well as new investors Cisco, HPE and NetApp, which clearly have a strategic interest in bringing Portworx\u2019s storage offering to their own customers, too, and partnering with the company.<\/p>\n

Portworx\u2019s tools make it easier for developers to migrate data, create backups and recover them after an issue. The service supports most popular databases, including Cassandra, Redis and MySQL, but also other storage services. Essentially, it creates a storage layer for database containers or other stateful containers that your apps can then access, no matter where they run or where the data resides.<\/p>\n

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\u201cAs the cloud-native stack matures, Portworx\u2019s leadership in the data layer is really what is highlighted by our funding,\u201d Portworx CEO and co-founder Murli Thirumale told me. \u201cWe clearly have a significant number of customers, there is a lot of customer growth, our partner network is growing. What you are seeing is that within that cloud-native ecosystem, we have the maximum number of production deployments and that momentum is something we\u2019re continuing to fuel and fund with this round.\u201d<\/p>\n

As Portworx CEO and co-founder Murli Thirumale told me, the company expanded its customer base by over 100 percent last year and increased its total bookings by 376 percent year-over-year. That\u2019s obviously the kind of growth that investors want to see. Thirumale noted, though, that the company wasn\u2019t under any pressure to raise at this point. \u201cWe were seeing such strong growth momentum that we knew we need the money to fuel the growth.\u201d That means expanding the company\u2019s sales force, especially internationally, as well as its support team to help its new customers manage their data lifecycle.<\/p>\n

In addition to today\u2019s funding round, Portworx also today announced the latest version of its flagship Portworx Enterprise platform, which now includes new data security and disaster recovery functions. These include improved role-based access controls that go beyond what Kubernetes traditionally offers (and that integrate with existing enterprise systems). The new disaster recovery tools now allow enterprises to make incremental backups to data centers that sit in different geographical locations. Maybe more importantly, Portworx now also lets users automatically save data in two nearby data centers zones as updates happen. That\u2019s meant o enable use cases where zero data loss would be acceptable in the case of an outage. With this, a company could automatically backup data from a database that sits in Azure Germany Central and back it up to AWS Europe Frankfurt, for example.<\/p>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/az56KYdMcmM\/<\/p>","protected":false},"excerpt":{"rendered":"

As enterprises adopt cloud-native technologies like containers to build their applications, the next question they often have to ask themselves is how they adapt their data storage and management practices <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-14496","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t