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» VIEW ALL POSTS Mar 1 2010   9:41PM GMT

Pivot3 grabs $25M funding, prepares to spin into new markets



Posted by: Dave Raffo
Tags:
IP SANs
storage vendors

Pivot3 just closed a $25 million funding round, which the serverless IP storage system vendor plans to use to beef up its international sales channel for the video surveillance market as well as add new features to make the platform better suited for more conventional IT environments.

Chief marketing officer and founder Lee Caswell says Pivot3 has more than 140 customers for its Serverless Computing storage systems – mainly for video surveillance. While Pivot3 executives and their investors see that market continuing to grow for casinos and other high-security industries, they are also looking to take on new markets.

That’s where the new features come in: RAID 6x to support five simultaneous disk failures, parallel flash cache to reduce latency, and Intel Nehalem multi-threaded processors for a performance bump.

The new RAID is a software upgrade that will let Pivot3 place data and manage RAID sets across appliances. “This higher level of data protection would be helpful in mainstream IT sites,” Caswell said.

Parallel flash cache would be an alternative to the disk caching used on Pivot3 systems now. The flash will come from 2 GB chips connected to on-board SATA ports working in parallel. Caswell says the parallel flash cache will improve random workloads while current Pivot3 systems are built for sequential workloads.

The Nehalem CPUs will replace the quad-core Xeon processors Pivot3 uses now. “This gives us more performance and more CPUs for brining other applications and more virtual machines on each hardware platform,” Caswell said.

Caswell said the new features will be available in a three-month beta programming beginning this month, and will likely show up in shipping products in the fall.

The funding round was led by Focus Ventures, and brings Pivot3’s total VC funding to around $75 million. Previous Pivot3 investors InterWest Partners, Lightspeed Venture Partners, Mesirow Financial Capital Partners IX, and Silver Creek Ventures also took part in the round. Caswell says Pivot3 will double its sales force and expand its total headcount from 55 to about 70 or 80 over the next six months.

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