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Article Excerpt
WALTHAM, Mass., Jan. 26 /PRNewswire/ -- Incipient, Inc., a leading provider of intelligent switch-resident storage software, today announced it has successfully closed a third round of $20 million in equity financing, bringing total equity capital raised to $55 million. GrandBanks Capital led the Series C round, with full participation from existing major investors; Globespan Capital Partners, Greylock, HLM Venture Partners, and Sigma Partners. Proceeds of this latest round will be targeted for advanced development, as well as executing on go-to-market relationships with existing and prospective OEM business partners....
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