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Acopia Aces $25M

Acopia Networks Inc. went looking for a customer and found an investor.

The clustered file system appliance startup closed a $25 million series C funding round today led by Goldman Sachs & Co., with previous investors Charles River Ventures, Accelerant Networks Inc., Star Ventures, and Vesbridge Partners kicking in. The round brings Acopias total funding to $65 million (see Acopia Gets $30M Cornucopia).

Acopia CEO Chris Lynch says Goldman Sachs suggested the funding after evaluating Acopia's product and determining it was a player in a hot technology space.

“We didn’t do a funding round,” Lynch says. “Goldman Sachs came to us. They made us an offer we couldn’t refuse.”

Goldman Sachs hardly had to strongarm Acopia to get a signature. The funding round was one of the biggest for a storage startup this year. SAN vendor 3PARdata Inc. grabbed $32 million in February, and intelligent chip vendor iVivity Inc. and intelligent switch startup Maranti Networks Inc. hauled in $26 million apiece (see 3PAR Pockets $32 Million, IVivity Ingests $26M, and More Money for Maranti).

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