Samsung-backed Pivot3 has revealed $55m in combined equity funding and debt financing, following earlier reports that the company had secured $19m.
Pivot3, a US-based virtualisation technology developer backed by consumer electronics producer Samsung, closed a $55m round yesterday consisting of both equity funding and financing.
The news follows Monday’s report that the company had raised $19m in fresh capital and entered a partnership agreement with data centre operator T5 Data Centers.
The equity portion of the round is being provided by Argonaut Private Equity and S3 Venture according to an accompanying press release, though a regulatory filing from last week…
