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Storage virtualization startup Incipient has clinched $15.6 million in Series E funding, as it looks to bulk up its sales and marketing efforts.
The round, which included Globespan Capital Partners, GrandBanks Capital, HLM Venture Partners, and Greylock, brings the startup's total funding to a massive $94.6 million.
The vendor plans to use the cash to expand global sales and marketing for its flagship Incipient Network Storage Platform (iNSP), comprising storage virtualization and data migration software that runs on Cisco's MDS family of SAN switches.
"We have been shipping the product for the last year and we have started building out our sales and marketing infrastructure," says Rob Infantino, Incipient's vice president of marketing alliances. "We needed money for scale."
There's a lot on the agenda. First, after opening offices in London and New York, the Waltham, Mass.-based vendor is ready to open facilities across the U.S., starting in Atlanta and Chicago, as well as at an undisclosed location on the West Coast.
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