Incipient Inc. Receives $20,000,000 Series C Funding

  • Feed Type
  • Date
    1/25/2005
  • Company Name
    Incipient Inc.
  • Mailing Address
    404 Wyman Street Waltham, MA 02451
  • Company Description
    Incipient, Inc. was founded on the vision of providing a scalable, network resident software platform that offers storage services to reduce cost and simplify operational complexity in enterprise storage environments.
  • Website
    http://www.incipient.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Will use the money to deliver its product to customers. Since Incipient’s software is designed to work with intelligent storage switches, those customers include storage switchmakers and their allies — period.
  • M&A Terms
  • Venture Investor
    Grand Banks Capital
  • Venture Investor
    Globespan Capital Partners
  • Venture Investor
    Sigma Partners