Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2595d483-a83b-4df9-a922-4c93809d759d&Preview=1
Date 3/2/2010
Company Name Pivot3
Mailing Address 816 Congress Avenue Austin, TX 78701
Company Description Pivot3 Transforms How Customers Invest in Storage. The founding team, developers and marketers of early custom RAID controllers with credit for over 50 storage patents, shared a vision for a storage virtualization architecture that required no specialized hardware and removed the capacity and performance boundaries imposed by traditional RAID products.
Proceeds Purposes The sizable investment will be used to expand sales operations beyond the Americas, as well as to develop and promote innovations that open up new markets for the award-winning Pivot3 Serverless Computing™ platform.