Pivot3, a US-based supplier of video surveillance and virtual desktop infrastructure (VDI) storage appliances, whose existing investors include Samsung Ventures, has raised $14m in new investment and working capital. The round consists of additional equity funding as well as other financial support from investors and key business partners: the equity funding was led by InterWest Partners and Mesirow Financial Capital Partners, and included additional funding from Focus Ventures, Lightspeed Partners, Silver Creek Ventures, Northleaf Ventures and Wilson Sonsini. Comerica Bank also provided important financial support.
Pivot3 has now raised total funding of $112m.
Bill Galloway, chief executive officer, Pivot3, said: “This financing is a testament to the innovation and great momentum we have established for our storage platforms in both surveillance and VDI. This latest round of financial backing puts Pivot3 in a stronger position to actively pursue opportunities in our target markets that support long-term revenue and earnings growth.”
Pivot3 was founded in 2003.