Ford makes Pivotal investment in $253m round

May 5, 2016 • Robert Lavine

EMC and VMWare spun out software development company Pivotal Software in 2012 and have returned for a round featuring GE and Microsoft, in which Ford invested $182m.

Automotive manufacturer Ford led a $253m funding round for US-based software development technology provider Pivotal today as part of a strategic collaboration agreement, VentureBeat has reported.

The round also included software producer Microsoft, industrial product maker General Electric, data management company EMC and cloud and virtualisation service provider VMWare, Reuters has reported, adding that Ford supplied $182m of the cash.

Pivotal closed the round at a post-money valuation of $2.8bn, a source familiar with the matter told VentureBeat.

Pivotal produces…

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