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Storage firm gets $25.4 million

Panasas has raised a $25.4 million second round of funding, led by Carlyle Venture Partners. Other investors include Goldman Sachs and Mohr Davidow Ventures. Fremont, Calif.-based Panasas has raised a total of $36.5 million. The company develops storage networks that increase in capacity as needed.

Dawn Kawamoto
Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
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Panasas has raised a $25.4 million second round of funding, led by Carlyle Venture Partners. Other investors include Goldman Sachs and Mohr Davidow Ventures. Fremont, Calif.-based
Panasas has raised a total of $36.5 million. The company develops storage networks that increase in capacity as needed.