On Tuesday, Pivot3 reported raising more than $19 million from 13 unnamed investors in a filing with the SEC.
The company hasn’t publicized the funding, instead announcing a new partnership on the same day with Atlanta-based T5 Data Centers, which will now offer Pivot3’s dynamic hyper-converged infrastructure (HCI) solutions to its cloud customers.
The round is large by Austin standards, but less so for the 14-year-old data storage company, which raised $45 million around this time last year. Past investors include Austin-based
Market analysts increasingly point to Pivot3’s business of dynamic cloud storage as one of the fastest growing sectors of IT, with the International Data Corporation (IDC) reporting worldwide revenue of $2.5 billion in Q3 of 2015.
HCI software like Pivot3's allows large-scale cloud clients to quickly scale up their capacity by harnessing a combination of storage hardware in data centers through a process called virtualization. The ability to combine lots of storage hardware quickly creates what’s known as hyper-converged infrastructure, Pivot3’s speciality.
"Pivot3 can easily scale out cloud environments for CPU, RAM and disk from a terabyte to a petabyte while only consuming less than 10 percent of system resources – no other HCI vendor can provide this,” Vice President of Channel Sales Jason Peoples said in a statement. “The Center of Excellence [at T5’s facility in Atlanta] demonstrates how enterprise production workloads can scale securely and efficiently with Pivot3’s patented technology, which is a great match for T5’s highly reliable environments characterized by total availability and continuous operations.”
The two companies plan to expand their partnership to another T5 facility in Los Angeles soon, but declined to specify exactly when, stating only that this week’s announcement of the Atlanta integration would be “followed closely” by a similar build-out in L.A.
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