The round was led by an affiliate of Tracker Capital Management, LLC ("Tracker Capital"), a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. Tracker Capital was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. Tracker Capital is joined in this round by Devonshire Investors, the private investment firm affiliated with FMR LLC, the parent company of Fidelity Investments. Pivotal's existing investors, including DIG Investment, Thermo, Lux Capital and Bill Gates, also participated in the financing.

Pivotal Commware develops communications platforms, systems and applications based on Holographic Beam Forming®. HBF antenna technology enables network operators to increase network speed, capacity and spectral efficiency using the lowest cost, size, weight and power consumption (C-SWaP) envelope available. The company is privately held and headquartered in Kirkland, Washington.