pivotal

  • Pivotal confirms Series C round is actually over $650 million

    Pivotal confirms Series C round is actually over $650 million

    Pivotal filed a Form D last week with the SEC, indicating that last week’s $253 million round was actually closer to $653 million. Where did the extra money come from? Well, existing investors EMC converted $400 million in debt to equity to account for the additional money recorded in the SEC form, according to a Pivotal spokesperson. It’s actually quite interesting that EMC, which… Read More

  • Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Even while the Dell-EMC deal seemingly moves forward, there is still plenty of maneuvering going on at EMC. A couple of weeks ago VMware announced it was creating a new company called Virtustream that will be jointly owned with EMC, and just yesterday a re/code report suggested that Pivotal, another EMC-VMware joint venture, could IPO in early 2016. All of this is further complicated… Read More

  • Pivotal Expands Its Enterprise Cloud Platform To Mobile

    Pivotal Expands Its Enterprise Cloud Platform To Mobile

    Pivotal, the enterprise cloud platform that raised a $105 million private equity round last year, today announced a large expansion of its product portfolio today. The update introduces new services for mobile development to the company’s Pivotal CF platform-as-a-service offering that are designed to work side-by-side with the company’s previously announced data services. The… Read More

  • Garantia Has The Advantage Over AWS When It Comes To Redis, The Popular NoSQL Database

    Garantia Has The Advantage Over AWS When It Comes To Redis, The Popular NoSQL Database

    Last week, Garantia Data raised $9 million in a Series A round led by Bain Capital and Carmel Ventures. The company had previously raised $3.8 million in seed funding to fund its managed service for deploying and scaling Redis, the popular NoSQL in-memory database. The funding comes as Garantia prepares for AWS re:Invent, the conference in Las Vegas this week for the most powerful cloud… Read More