Ford, Microsoft pour $253 million into start-up Pivotal

Enterprise software company Pivotal will close a $253 million funding round led by new investor Ford and joined by Microsoft, GE, EMC and VMWare, the companies announced Thursday.

It marks the second-biggest start-up investment this year, behind augmented reality company Magic Leap.

Fortune 100 companies like Ford are betting big that Pivotal can keep scaling its platform, which lets clients build and update cloud-based software more quickly. By giving developers the power to roll out continuous updates across any cloud platform, like Amazon Web Services or Microsoft Azure, the firm hopes to be the brains behind projects like personalized health care, connected cars and even space travel.


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