Smart Buildings

Pivot3 Takes $55m to Tackle Hyper-Converged and Flash Storage Market

Pivot3, a 13-year-old "start-up" providing storage-centric hyper-converged infrastructure (HCI) solutions for video surveillance, has announced $55 million equity and bank financing. “The funding will accelerate the company's growth and enable it to bring to market the most extensive suite of hyper-converged and flash storage solutions with predictable performance that is available today”, they say. Hyper-converged platforms are nearing a $10.6 billion addressable market in the United States alone, as more organisations are drawn to more efficient internal processes and operations management. The flash storage market is in a similar hyper-growth rate, suggesting that flash storage will reach a $13.5 billion market value by 2018, according to Technology Business Research. The need for innovative scalable storage solutions is in a large part driven by the growth of the Internet of Things, Smart Cities and Smart Buildings. As video management systems (VMS) become a more integral part of buildings, for example, the masses of data created demands […]

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Smart Buildings

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