Pivot3, Inc., an Austin, Texas-based provider of unified storage and compute appliances, has closed a $23m round of new equity financing.
The round was led by Samsung Ventures, with participation from existing investors Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures.
The company intends to use the capital to expand product development, and sales and marketing activities.
Pivot3 has been widely recognized for innovation in converged scale-out IT infrastructure since its founding in 2003, and has deployed solutions for more than 500 customers worldwide.
Founded in 2003 and led by CEO Richard Bravman, Pivot3 – thorugh its Pivot3 vSTAC™ – delivers unified, shared storage and virtual server appliances that are purpose-built for modern virtual server and big data workloads.
The company has over 500 customers across the globe.- Its products are deployed in the data protection, virtual desktop infrastructure, digital video surveillance and rich media markets and have seen success in the public sector, transportation, education and retail vertical segments.