Pivot3 ,the inventor of high-definition storage has received $24 million in series C venture funding
By admin at January 29, 2008 | 8:49 pm | Print
What Company Is Offering:
The Pivot3 block-based infrastructure virtualization solutions, targeting various data-intensive applications such as video surveillance, reduce costs by up to 50 percent and deliver up to five times the performance, with superior data protection. With several patents pending, the company boasts strong intellectual property and is backed by Lightspeed Venture Partners, InterWest Partners, Mesirow Financial Capital Partners IX, and Silver Creek Ventures.
How Much They Got From VCs:
Pivot3 Inc, the inventor of high-definition storage based on distributed RAID, announced that it has received $24 million in series C venture funding led by Mesirow Financial Capital Partners IX. Participation in this round also included new investor Silver Creek Ventures, and existing investors Lightspeed Venture Partners and InterWest Partners.
Pivot3 clustered storage has already achieved early leadership in providing networked storage for the video surveillance market,” said Robert Fernander, CEO of Pivot3. “These new funds will be used to accelerate the Pivot3 lead in surveillance and to position our block-level virtualization technology into new markets. The IP-based solutions from Pivot3 have been successfully installed as part of video surveillance deployments within the gaming, municipal government, law enforcement, and federal government sectors.”
More at:www.pivot3.com
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Lovely material, Regards.