Filed in archive Announcement , Technology , Vendor by Andrew Garrett on February 2, 2006

Incipient, Inc, a leading provider of intelligent switch storage software, announced today that it has raised $24 million in Series D financing bringing the total equity capital raised to $79 million. Leading this round is new investor QuestMark Partners, along with participation from Wasatch Advisors. Incipient's major existing investors Globespan Capital Partners, GrandBanks Capital, Greylock, HLM Venture Partners, and Sigma Partners also participated in this round of financing. The Series D capital is earmarked for expansion of marketing and sales efforts in support of the Incipient Network Storage Platform (NSP) software suite.

The big players are what we all deal with most of the time - but it's interesting to watch the up-and-comings, who are most likely shopping themselves around to become part of one of the big players in the not too distant future.

This technology may not be mainstream just yet, but it will be in the not-too-distant future.

Technorati Tags: competition

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