Pivot3 Raises $55M More In Funding

Austin-based converged infrastructure hardware provider Pivot3 said today that it has raised $55M more in a combination of equity and bank financing. The funding came from Argonaut Private Equity and S3 Ventures. The bank financing comes from Square 1 Bank. Pivot3 said it will use the funding to expand its products and accelerate go to market. Breakdown between equity and bank financing in the deal was not announced by the company. Pivot3 is led by Ron Nash. More information »