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Security storage firm whips up $12 million

Security appliance maker NeoScale Systems announced Monday that it raised $12 million in a second round of funding, led by Sevin Rosen Funds. Previous investors Bay Partners and Lightspeed Venture Partners also contributed to the round. The Milpitas, Calif.-based company has raised a total of $25.5 million to date. NeoScale develops security appliances for networked storage and storage management.