Pivot3 Raises $25 Million

Pivot3 Inc, the inventor of high-definition storage based on distributed RAID, 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.”

Storage industry veteran Bill Galloway, Pivot3 co-founder and CTO, helped Pivot3 pave the way with a new storage architecture uniquely suited to video surveillance and other data-intensive applications. “Early clustered storage implementations have focused on file-level support. Maximum performance and cost leverage, however, can only come from virtualization at the block level. Our block-level virtualization solution, Pivot3 RAIGE ( RAID Across Gigabit Ethernet), gives customers five times or more the performance of traditional solutions at a lower cost. RAIGE performance exceeds Fibre Channel or 10 Gigabit Ethernet performance without requiring upgrades to a new network infrastructure.”

 
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