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CDP Startup Atempo Grabs $22M

Backup software startup Atempo has clinched $22 million in Series B funding to bolster its CDP strategy and fund eastward expansion. (See Atempo Grows CDP, Fox Picks Atempo, and Alliance Fiber to Intro New Products.)

The round, which brings Atempo's total funding to just over $38 million, was led by Intel Capital and also included Steelpoint Capital and Ridgewood Capital.

"This is expansion capital," says Neal Ater, the Atempo CEO. "In the U.S., were increasing our sales and marketing presence. We're also adding support people and professional services people."

Specifically, Atempo is going after the U.S. service provider market, where it already has around a half-dozen customers for its LiveBackup CDP product. "By this time next year, we'll have a dozen," says Ater.

Like a number of storage vendors, Atempo is also eyeing the opportunities presented by the emerging Chinese technology market. (See China: Storage Superpower?, Voltaire Opens China Office, On 3Com's Storage Trail, Huawei & Symantec Make It Official, and Huawei, Symantec Form JV.) "We're just getting off the ground in China -- we will be expanding all aspects of sales and marketing," says Ater, explaining that the vendor's five-person Chinese workforce will double in the next 12 months.

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