What a difference a year makes. The $12 million in funding Candera Inc.
pulled down this week (see Candera Closes $12M Round) is a nice chunk of change -- for 2003. As far as 2004 funding goes, it's starting to look like a pauper's sum.
Candera is the seventh storage company to announce funding since the start of the year. The seven have averaged $19.3 million, a substantial increase over the average funding round in the first two months of 2003 when 13 companies received $154.7 million -- or $11.9 million apiece.
Back in 2003, the biggest funding in the January/February timeframe was $26 million for 3ware Inc. (see 3ware Hits Reset Button). That would be tied for third on this years list with Maranti Networks, behind 3PAR Inc. ($32 million) and Egenera Inc. ($30 million).
Other companies funded this year include Zantaz Inc. ($20 million), Intransa Inc. ($8 million), and DataCore Software Corp. ($7 million).
Table 1: Storage Networking Startups 2004
| Company | Latest Funding | Round | Total Raised | Product |
| Candera | $12M | 3rd | $59M | Disk-based storage |
| 3Par | $32M | 4th | $153M | SAN |
| Maranti Networks | $26M | 3rd | $57M | Intelligent switches |
| DataCore | $7M | 4th | $82M | SAN management software |
| Egenera | $30M | 4th | $124M | Blade server virtualization |
| Zantaz | $20M | 6th | $90M | Storage management services |
| Intransa | $8M | 3rd | $49M | IP SANs |
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
