About Portworx
Portworx is a company based in Redwood City (United States) founded in 2014 was acquired by Pure Storage in September 2020.. Portworx has raised $55.5 million across 3 funding rounds from investors including Pure Storage, NetApp and General Electric. Portworx operates in a competitive market with competitors including Qumulo, Smarsh, Minio, Backblaze and Lucidity, among others.
- Headquarter Redwood City, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Portworx Software India Private Limited
- Date of Incorporation 08 May, 2018
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$1.16 K (USD)-99.87as on Mar 31, 2023
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Net Profit
$-7.58 K (USD)-103.38as on Mar 31, 2023
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EBITDA
$-8.14 K (USD)-110.98as on Mar 31, 2023
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Total Equity Funding
$55.5 M (USD)
in 3 rounds
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Latest Funding Round
$27 M (USD), Series C
Mar 20, 2019
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Investors
Pure Storage
& 6 more
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Employee Count
Employee Count
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Acquired by
Pure Storage
(Sep 16, 2020)
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Software Development Team
230 people
Sales and Marketing
96 people
Leadership Team
90 people
Senior Team
52 people
Product Management Team
28 people
Finance and Accounting
23 people
Data Analysis and Operations Team
17 people
Operations Team
16 people
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Funding Insights of Portworx
Portworx has successfully raised a total of $55.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $27 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $27.0M
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First Round
First Round
(22 Jun 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series C - Portworx | Valuation | Sapphire Ventures , Mubadala |
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| Apr, 2017 | Amount | Series B - Portworx | Valuation | Sapphire Ventures | |
| Jun, 2015 | Amount | Series A - Portworx | Valuation | Mayfield |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Portworx
Portworx has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Pure Storage, NetApp and General Electric. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on SaaS, Adtech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Portworx
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Portworx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Portworx Comparisons
Competitors of Portworx
Portworx operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qumulo, Smarsh, Minio, Backblaze and Lucidity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Enterprise cloud storage management software is provided for various workloads.
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| domain | founded_year | HQ Location |
Compliance management solutions for financial institutions' communications are provided.
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| domain | founded_year | HQ Location |
Platform offering object storage solutions
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| domain | founded_year | HQ Location |
Cloud based platform offering storage management solutions
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| domain | founded_year | HQ Location |
Cloud block storage management is facilitated through an intelligent platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Portworx
Frequently Asked Questions about Portworx
When was Portworx founded?
Portworx was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Portworx located?
Portworx is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Portworx a funded company?
Portworx is a funded company, having raised a total of $55.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on Jun 22, 2015.
What is the annual revenue of Portworx?
Annual revenue of Portworx is $1.16K as on Mar 31, 2023.
What does Portworx do?
Portworx was established in 2014 in Redwood City, United States, within the cloud storage sector. Software-defined infrastructure, known as PWX, is offered for containerized applications, with native integration to Docker. Operations support deployment on premises or in the cloud, including a sandbox hosted on AWS for application testing. The founding team draws from prior roles at Ocarina Networks, Citrix, and Microsoft.
Who are the top competitors of Portworx?
Who are Portworx's investors?
Portworx has 7 investors. Key investors include Pure Storage, NetApp, General Electric, Mubadala, and Sapphire Ventures.
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