Pivot3 raises $24,000,000

Pivot3 Inc, the inventor of high-definition storage based on distributed RAID, today announced that it has received $24 million in series C venture funding.  “Pivot3 clustered storage has already achieved early leadership in providing networked storage for the video surveillance market,” said Robert Fernander, CEO of Pivot3. “These new funds will be used to accelerate the Pivot3 lead in surveillance and to position our block-level virtualization technology into new markets. The IP-based solutions from Pivot3 have been successfully installed as part of video surveillance deployments within the gaming, municipal government, law enforcement, and federal government sectors.”