April 25, 2013 – Platform as a Service startup Pivotal has eclipsed the $1 billion funding mark after General Electric announced a strategic investment and commercial deal with the four-month-old startup.
GE pledged $105 million to Pivotal, the analytic platform service offshoot that’s a concerted PaaS development effort by vendors EMC and VMware. GE said its investment represents a 10-percent stake in Pivotal, and that the deal also entails broader commercial R&D and use of Pivotal’s framework as the “source for delivering data analytics and cloud architecture” from its huge software development center in San Ramon, Calif.
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