Thursday, October 24, 2013

Pivot3 Raises $14M

Austin-based Pivot3, the developer of computing and storage devices for the video surveillance and desktop virtualization market, said this morning that it has raised $14M more in a financing round, bringing its total investments raised to over $100M. According to the company, the funding was led by InterWest Partners and Mesirow Financial Capital Partners, and also included Focus Ventures, Lightspeed Partners, Silver Creek Ventures, Northleaf Ventures and Wilson Sonsini. The company said the new funding will go towards funding growth. PIvot3 said the round included both equity and "other financial support" from its investors and partners, including Comerica Bank. Pivot3 is led by Bill Galloway. More information »