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LeftHand grabs $20 million

Storage start-up LeftHand Networks said Monday that it has received $20 million in new funding from investors including the Sprout Group, the venture arm of Credit Suisse First Boston as well as all of the company's prior investors. The move brings the total investment the company has received to $39 million.

LeftHand said it will use this investment to expand sales, support and business operations to meet market demand for its Network Storage Module and Distributed Storage Matrix product lines, both of which are designed to allow corporations to build storage area networks using existing Ethernet networks.