Sepaton Scores $15.5 Million Funding

Led by new investor Focus Ventures

This is a Press Release edited by StorageNewsletter.com on April 6, 2009 at 3:44 pm

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Data storage firm Sepaton scores a $15M funding

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Strangely, the company didn't publish a press release for this financial round, as all the start-ups generally do.

Formerly SANgate Systems, Sepaton changed its name in 2003. Since the inception of the company in 2000, this old start-up receives more than $100 million in financial funding. This most recent round was led by new investor Focus Ventures.

The VTL firm counts HP as an OEM for its tapeless de-dupe backup technology.

Last Februray, Sepaton announced to have passed profitability mark, but without publishing any figure, and added that 1,300 companies have selected its solutions to protect their business data, resulting in more than 100PB of storage capacity currently under management.

Its de-dupe competitors include Ocarina, Data Domain, EMC, FalsonStor, IBM, NetApp, and Quantum.

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