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InterWest, Mesirow renew commitment to Pivot3 through $14m financing round

25 Oct 2013

data storage_lrgVenture capital firms InterWest Partners and Mesirow Financial Capital Partners have led a $14m financing round for shared storage infrastructure business Pivot3.

Fellow existing backers Focus Ventures, Lighstpeed Partners, Silver Creek Ventures, Northleaf Ventures and Wilson Sonsini also took part in the funding round, while “important financial support” was provided by Comerica Bank according to the company.

Pivot3 said it recently closed a record second quarter which included a $2.7m video surveillance storage deal in Central America.

The company closed a $23m round of new equity financing led by Samsung Ventures in February 2012.

Last month venture capital-backed computer storage company Virident Systems was bought by Western Digital in a deal which valued the business at $645m.

Sequoia Capital, Globespan Capital Partners and Artiman Ventures are all backers of the flash storage business, which was also financed by corporate giants Intel, Cisco and Seagate.

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