Pivot3, Inc., a Spring, TX-based provider of IP storage area network (SAN) solutions to the video surveillance market, has raised $25m in a new venture capital funding.
The round was led by Focus Ventures, with participation from existing investors InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX, and Silver Creek Ventures.
The capital infusion will allow the company to expand sales operations worldwide, as well as to develop and promote innovations that open up new markets for the Pivot3 Serverless Computing™ platform, its storage solution offering integrated server virtualization to enterprise customers.
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.