The data services software provider had raised more than $55m from investors including NetApp, Cisco Investments, Hewlett Packard Enterprise and GE Ventures.

Pure Storage agreed yesterday to buy US-based data management software provider Portworx in a $370m deal that will allow corporates NetApp, Cisco, Hewlett Packard Enterprise (HPE) and General Electric (GE) to exit.

Founded in 2014, Portworx has developed a data services software platform built on open-source containerised application management software Kubernetes. Its technology will be integrated with Pure Storage’s existing data platforms.

The transaction follows $55.5m in funding for Portworx, which most recently closed a $27m series C round…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.