Pivot3 Garners $45,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea6fa964-32ff-4b4a-a008-2533b8bca105
Date
2/24/2015
Company Name
Pivot3
Mailing Address
816 Congress Avenue Austin, TX 78701 USA
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.
Website
http://www.pivot3.com
Transaction Type
Debt
Transaction Amount
$45,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The new funding is aimed at accelerating Pivot3’s growth and extends the company’s technological competitive advantage.
M&A Terms
Venture Investor
Venture Investor