Tony Rodriguez, Incipient's CTO, also hails from EMC, where he most recently was a system architect. At EMC he was working on "future technologies," which included a method of end-to-end integrity checks for database I/O. Prior to EMC, Rodriguez was CTO of CLAM Associates -- now, happily, called Availant Inc., a developer of high-availability tools for Windows servers.
Interestingly, EMC just announced that it will also be working with Brocade to develop new software for the Rhapsody platform. Could there be a mnage in the works among EMC, Brocade, and Incipient? Jeez... We're going to need a flowchart to keep track of this emerging sector (see Brocade Loads Code, Signs EMC).
Meanwhile, storage processor startup Silverback Systems also closed a $15 million third round of funding, bringing its total raised to $32.3 million. The round was led by previous investor Excelsior Venture Partners III LLC, a private equity fund managed by U.S. Trust Corp. All of the startup's previous investors -- Gemini Israel Fund, JP Morgan Partners, Newbury Ventures, Pitango Venture Capital -- also participated in this round.
Ron Kroesen, VP of marketing and sales at Silverback, says the funding is expected to take the company through to breakeven, sometime in late 2004 or early 2005. "We've got our first product out there and a number of folks engaged on it, but this will help us take the company to breakeven," he says.
He notes that Silverback expects to increase its headcount, which currently stands at 48, but "in a very focused way, primarily on the customer support side." The company, founded in July 2000, is based in Campbell, Calif., with an engineering facility in Rochester, Minn.
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