Pivot3 Raises $55m in Equity and Bank Financing

pivot3Pivot3, an Austin, Texas-based developer of storage-centric hyper-converged infrastructure (HCI) solutions, raised $55m in equity and bank financing.

Backers included Argonaut Private Equity and S3 Ventures.

Led by Ron Nash, CEO, Pivot3 is a provider of dynamic hyper-converged infrastructure solutions and predictable flash storage, which allow customers to prioritize data and application performance based on business value.
Today, the company has more than 2,000 customers around the world deploying more than 16,000 globally hyper-converged infrastructures in multiple industries such as video surveillance, healthcare, government, transportation, entertainment, education, gaming and retail.
In February 2016, Pivot3 acquired NexGen Storage, a provider of PCIe flash arrays with storage Quality of Service (QoS) and dynamic provisioning capabilities. Pivot3 and NexGen’s combined capabilities allow customers to apply the right infrastructure and priority to each workload, application or business service according to its business value and to guarantee the appropriate level of service.

The funds will be used to enable the company to accelerate the integration of the combined NexGen and Pivot3 product set, development of new products and bring to market its suite of hyper-converged and flash storage solutions.



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