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Startups Score in Funding Uptick

It's not quite mid-January, and 2005 already looks like a good year for startups in storage networking. Since New Year's Day, three startups have scored $44.5 million in new funding. And word has it at least two more are set to get nearly that much before the end of the month.

The latest vendor to announce new investment is backup software maker Bocada Inc., which has scored $9.5 million in a third round led by Partech International (see Bocada Scores $9.5M). Bocada, which claims 150 customers and has about 60 employees, will use the new funds to expand sales and marketing. The round brings Bocada's venture funding total to about $20 million since the firm's founding in 2000.

Bocada's news was preceded by two other funding announcements last week:

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