Pivot3 Receives $29 Million In Funding Round

  • Apr 26, 2010

Pivot3 Inc. recently announced that the Series D funding round previously announced at $25 million now totals $29 million, following a recent $4 million investment from Northleaf Capital Partners Ltd.

Northleaf Capital Partners is the private equity fund of funds and co-investment arm of TD Bank Financial Group, Canada's largest independent global private equity fund markets manager and advisor.  Northleaf joins existing Pivot3 investors Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX and Silver Creek Ventures.

"Pivot3 met our criteria for growth-stage investment; we were impressed with the company’s revenue growth in a challenging economy and with the strategic opportunity we see as the company brings its unique technology to new markets," said Melissa McJannet, managing director of Northleaf.  "Pivot3's solid customer references and strong customer pipeline were instrumental to our decision process, and we are looking forward to the company's expansion in other markets and others parts of the world, including Canada."

"Pivot3 has a compelling product offering that has quickly become a core product in mainstream video surveillance deployments, including high-profile installations in Canada," said Kevin Parisien, the Toronto-based project manager for Security and IT Systems Group at the MMM Group Limited. "We are constantly on the lookout for new technology companies such as Pivot3 that bring more value to our customers."

"We are delighted to welcome Northleaf Capital Partners to our investor community as we build a financial arsenal to expand the market and geographic reach for our products," said Lee Caswell, founder and CMO of Pivot3. "Our unique approach to merging server and storage virtualization has gained quick market acceptance and that is now translating to success in raising funds for our future growth."

Pivot3 Serverless Computing is a storage solution offering integrated server virtualization to enterprise customers.  Integrated server virtualization consolidates physical servers into Pivot3 storage appliances for high availability while realizing significant savings in power, cooling and rackspace.  The compelling value proposition led the company’s quick rise to No. 1 market share in the IP SAN market for video surveillance, as recently reported by IMS Research.

Featured

  • Choosing the Right Solution

    Today, there is a strong shift from on-prem installations to cloud or hybrid-cloud deployments. As reported in the 2024 Genetec State of Physical Security report, 66% of end users said they will move to managing or storing more physical security in the cloud over the next two years. Read Now

  • New Report Reveals Top Security Risks for U.S. Retail Chains

    Interface Systems, a provider of security, actionable insights, and purpose-built networks for multi-location businesses, has released its 2024 State of Remote Video Monitoring in Retail Chains report. The detailed study analyzed over 2 million monitoring requests across 4,156 retail locations in the United States from September 2023 to August 2024. Read Now

  • Gaining a Competitive Edge

    Ask most companies about their future technology plans and the answers will most likely include AI. Then ask how they plan to deploy it, and that is where the responses may start to vary. Every company has unique surveillance requirements that are based on market focus, scale, scope, risk tolerance, geographic area and, of course, budget. Those factors all play a role in deciding how to configure a surveillance system, and how to effectively implement technologies like AI. Read Now

  • 6 Ways Security Awareness Training Empowers Human Risk Management

    Organizations are realizing that their greatest vulnerability often comes from within – their own people. Human error remains a significant factor in cybersecurity breaches, making it imperative for organizations to address human risk effectively. As a result, security awareness training (SAT) has emerged as a cornerstone in this endeavor because it offers a multifaceted approach to managing human risk. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis. 3

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure. 3

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation. 3