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Pivot3 Gets $25M

Spring, Texas-based Pivot3, a developer of data storage products, announced its $25M funding round today. The firm said the round was led by Focus Ventures, and also included prior investors InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX, and Silver Creek Ventures. The funding had originally been revealed in a regulatory filing last week. The firm said the new funding will go to expand its sales operations beyond the Americas, as well as for development and innovation. Pivot3's products are based in iSCSI, and are being applied to the video surveillance market. More information »