Incipient Raises $15.6 Million in Fifth Round of VC - Waltham, MA

Incipient, a Waltham-based provider of storage virtualization and automated data migration software, has raised $20 million in its fifth round of venture capital. Investors in the deal include Globespan Capital Partners, GrandBanks Capital, HLM Venture Partners, Greylock, QuestMark Partners, Sigma Partners, and Wasatch Advisors. Founded in 2001, Incipient offers data migration software that helps companies to manage storage area networks. The company employs about 65 people. Incipient has raised a total of $79 million to date.

http://www.incipient.com/news/press.htm#pr_funding02202008