Pivot3 Adds $23M In Funding

Austin-based Pivot3, the developer of virtual server and storage appliances, said today that it has raised $23M more in funding. The funding was led by Samsung Ventures, and included all of the firm's prior investors, which include Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Pivot3, which is led by Richard Bravman, said the funding will go to expand product development, sales, and marketing. More information »