Top Ten Private Storage Networking Companies: Page 12 of 23

On the funding side, SANcastle received a second round of $20 million
last summer. The round was led by Genesis Partners and
the Concord
Ventures, previous investors in SANcastle. They were joined in this
funding round by J.P. Morgan &
Co. (Nasdaq: JPM). The company is cautiously looking for a third round,
says Terri Glenn, director of marketing at SANcastle.

Interestingly, the company’s headquartered just down the road from Cisco
in San Jose, although Glenn says this is purely coincidence. “Companies that
usually acquire, aren’t right now," she notes, with a certain gleam in her eye. "It’s not so easy for them to target us
anymore." Gone are the days, apparently, when a
startup dreamed of being acquired by Cisco.

In the Money

Updated: 7/13/01

3PARdata has moved up a place to number six, on account of its whopping $100 million in third-round funding announced recently. The new money comes from several top VCs, guaranteeing it a move up the list (see 3PARdata Snags $100M).