"Topio(TM), (www.topio.com), the leading provider of enterprise software for data replication and recovery, announced today it has secured an $8 million round of venture financing; led by Star Ventures with participation of existing investors Sequoia Capital and Sigma Partners. Topio will utilize the funds to expand its sales, marketing, and product development activities to meet strong customer and channel demand throughout North America and Europe."
[Business Wire]
Sequoia led the first round of financing back in March 2001. Sigma led the $10M round in November of 2002. Topio competes in a very competitive space against Veritas, IBM/Tivoli, and Legato.
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