Disk-based long-term digital data storage providers Copan System has closed its round of financing accumulating $25M in its series B. Pequot Ventures, a venture investment firm that concentrates on dynamic startup and growth stage companies in the infrastructure, software and services sector, led the funding along with Pinnacle Ventures, Austin Ventures and Globespan Capital.

“Funds will be used to scale the company, drive new product innovation and to further expand the company’s sales and marketing organization,” said Dave Davenport the CEO.
Copan was cofounded by Aloke Guha 2002 . The company has raised $39 million to date.

Copan Systems’ flagship product, the Revolution 200T, utilizes a patent-pending MAID-based architecture, and innovations such as Power-Managed RAID and Disk Aerobics. According to a press statement, enterprises are choosing the Revolution 200T to take the place of tape in archive, backup/recovery and scientific research applications. The general availability announcement of the Revolution 200T and significant customer demand warranted the additional investment. “Our in depth research concluded that their advanced MAID architecture meets a fundamental need in industries such as financial, manufacturing, aerospace, media and government,” says Greg Rossmann, General Partner of funds managed by Pequot Ventures.

As enterprises are required to keep more data online, and the amount of protected data continues to grow, the need for a new solution is apparent. Tape’s access times, expensive management, and increased data migration requirements make it inappropriate for a growing portion of enterprise data customers. Typical disk arrays are too expensive and do not possess the scale and unique management software needed for long-term data archives. Copan Systems targets a $5 billion market that has been previously addressed by tape and optical subsystems.