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

  • It's Show Time

    I am one of those people that likes to see things get bigger and better. As advertised, ISC West is going to be bigger (more exhibitors) and better (more attendees). It’s show time in Las Vegas. Read Now

    • Industry Events
    • ISC West

  • SIA Releases New Report on Operational Security Technology

    The Security Industry Association (SIA) has released an impactful new resource – Operational Security Technology: Principles, Challenges and Achieving Mission-Critical Outcomes Leveraging OST. Read Now

  • Cyber Overconfidence Is Leaving Your Organization Vulnerable

    The increased sophistication of cyber threats pumped by the relentless use of AI and machine learning brings forth record-breaking statistics. Cyberattacks grew 44% YoY in 2024, with a weekly average of 1,673 cyberattacks per organization. While organizations up their security game to help thwart these attacks, a critical question remains: Can employees identify a threat when they come across one? A Confidence Gap survey reveals that 86% of employees feel confident in their ability to identify phishing attempts. But things are not as rosy as they appear; the more significant part of the report finds this confidence misplaced. Read Now

  • Mission 500 Debuts Refreshed Identity Ahead of Security 5K/2K at ISC West

    Mission 500, the security industry’s nonprofit charity dedicated to supporting children in need across the US, Canada, and Puerto Rico, has unveiled a refreshed brand identity ahead of ISC West. The charity’s new look includes a modernized logo with refined messaging to reinforce Mission 500’s nearly decade-long commitment to serving the needs of children and families in crisis. Read Now

    • Industry Events
Most   Popular

New Products

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • 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.