Pivot3, the first company to deliver virtual servers and scalable storage in a single platform, today announced that it has raised $25 million in a new funding round led by Focus Ventures, the investor firm behind storage companies EqualLogic (acquired by Dell) and Isilon.
Participation in this round also included existing investors InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX, and Silver Creek Ventures. The sizable investment will be used to expand sales operations beyond the Americas, as well as to develop and promote innovations that open up new markets for the Pivot3 Serverless Computing platform.
Pivot3 Serverless Computing is the first scale-out storage solution offering integrated server virtualization to enterprise customers. Integrated server virtualization consolidates physical servers into Pivot3 storage appliances for high availability while realizing significant savings in power, cooling and rackspace. The compelling value proposition led the company’s quick rise to number one market share in the IP SAN market for video surveillance, as recently reported by IMS Research.
Pivot3 has more than 140 customers such as the Port of Seattle, the Mall of America, and the City of Trenton. The largest installation at the Choctaw Nation of Oklahoma is a regulated installation with four petabytes of SAN storage that simultaneously provides more than 200 virtual servers.
Leave a Reply