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Copan Sweeps Up $25M

Who needs a MAID? Copan Systems Inc. hopes data centers do, now that it has bagged a cool $25 million in Series B funding to more aggressively peddle its MAID (massive array of idle disks) enterprise backup device.

The round was led by Pequot Ventures, which is a new Copan investor and will pick up a seat on the company's board. Also participating in the round were two holdovers from Copan's $14 million first round, Austin Ventures and Globespan Capital Partners, as well as Pinnacle Ventures.

The company's flagship product, the Revolution 200T, is a high-density disk device that aims to replace tape libraries for data backup and archiving (see Copan Takes Aim at Tape). The device began shipping for early adoption in April and is now generally available (see Copan Launches Disk Backup and Copan Announces GA for Revolution ). So far, according to Copan, 11 Revolution 200Ts have been installed by customers in the financial, federal government, service provider, and media sectors.

Much of Copan's new funding will be used to improve on that number. The company plans to expand from 52 to 80 employees by year's end, largely through the addition of sales and support staff in the U.S., Europe, and Asia.

"Our investors want us to get out to market rapidly," says Camberley Bates, VP of business development and marketing at Copan. "We're looking at how we scale the company."

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