Palo Alto-Based Pivot3 Adds $4 Million to Funding Round

Palo Alto, Calif. -- Six weeks after first announcing its fourth round of funding, Palo Alto-based Pivot3, a developer of storage appliances for the video surveillance market, said on Tuesday that it has added another $4 million from Northleaf Capital Partners to close the round at $29 million. Focus Ventures led the round, which also included InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX and Silver Creek Ventures. Pivot3's platform allows video surveillance clients such as the Port of Seattle, the Mall of America and the City of Trenton to consolidate physical servers into storage appliances, reducing heating and cooling costs, as well as the amount of space needed.
http://www.pivot3.com
http://www.pivot3.com/pr/northleaf