Pivot3 builds storage-centric hyper-converged infrastructure (HCI) solutions and predictable flash storage. Its core products combine HCI with patented Quality of Service and virtualization management to prioritize workloads and ensure fault tolerance. Pivot3 emphasizes scale-out performance, reduced complexity and lower total cost of ownership versus traditional HCI. The company reports more than 2,000 customers deploying over 16,000 hyper-converged infrastructures globally across industries including video surveillance, healthcare, government, transportation, entertainment, education, gaming and retail. In February 2016 Pivot3 acquired NexGen Storage and plans to integrate NexGen’s PCIe flash arrays, QoS and dynamic provisioning while extending its patented scalar erasure coding to those solutions. Pivot3 will use new funding to accelerate product development, expand its HCI and flash storage offerings, and advance its go-to-market plan. Pivot3 is a pioneer in hyper-converged infrastructure, delivering software-defined HCI appliances since its first fully hyper-converged appliance in 2008. The company’s technology is based on patented Scalar Erasure Coding and Global Hyper-Convergence to deliver high storage efficiency and fault tolerance. Pivot3 serves more than 1,600 customers with over 13,000 deployed HCI appliances across video surveillance, VDI, disaster recovery and security-focused markets. The company plans to accelerate growth by extending leadership in dense VDI blade appliances, expanding backup and disaster-recovery offerings, and increasing market share for 24x7x365 video surveillance solutions. Pivot3 is investing in transforming security operations centers with virtualization and its Virtual Security Server, and in enabling advanced analytics on massive unstructured video datasets. The company will use new financing to invest in sales and marketing, recruit global talent, and expand its channel partner strategy. Pivot3 provides purpose-built, hyper-converged infrastructure appliances serving video surveillance, VDI and data center customers. Its vSTAC suite recently received a comprehensive update with the release of vSTAC OS 6.5. The company serves public sector, healthcare, transportation, gaming, education and retail verticals and reports over 1,000 customers globally. Founded in 2003 and led by CEO Ron Nash, Pivot3 is based in Austin, Texas. The company intends to use the funds from the recent round for additional product development and operations growth. Pivot3 also added Mike Dansby as vice president and chief financial officer. Pivot3 develops purpose-built virtualized storage and converged compute appliances (vSTAC) targeting video surveillance and virtual desktop infrastructures. The company sells appliances that run on Dell enterprise hardware and emphasizes simplicity, scalability and cost savings. Pivot3 has over 600 customers across public sector, transportation, gaming, education, healthcare and retail verticals. The firm reported a record second quarter, including a $2.7M surveillance storage deal in Central America, and quarter‑on‑quarter doubling of growth in the virtual desktop market. Pivot3 recently launched Professional Services and notes growing services revenues. The company aims to use new funding to support growth and pursue sustained profitability in 2014. Pivot3 develops RAID-based storage hardware appliances that provide integrated server virtualization for enterprise data, with a strong focus on storing video surveillance data. The company reports more than 140 customers, including the Port of Seattle, the Mall of America, and the City of Trenton. Pivot3 is entering a commercial partnership with Samsung Techwin to help store video surveillance data for that affiliate. The new funding will be used to expand product development, sales, and marketing efforts. Pivot3 has raised nearly $100 million in total funding to date. The company targets large-scale video surveillance storage deployments with its appliance-based approach.

Total raised

$178M

Funding rounds

10

Latest round

Equity

Latest activity

Mar 2016