Pivot3, which is backed by Samsung Ventures, has raised $12m in a series E, led by S3 Ventures, bringing the total raised by the virtualisation company to $110m.
US-based virtualisation technology company Pivot3, backed by investors including electronics producer Samsung, secured $12m in series E financing on Thursday.
Venture capital firm S3 Ventures led the round, which included participation from InterWest Partners and financial services firm Mesirow Financial. The funding brought the total raised by Pivot3 to $110m since it was founded in 2003.
Pivot3 develops server and storage virtualisation software and hardware. The company will use the capital to support additional product development as it company scales operations.
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