Storage Station - General - Copan Systems Gets $18.5M from VC Group

Copan Systems Gets $18.5M from VC Group

Feb 17, 2009
1 minute read
eWeek content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Can’t have too much good industry news like this: CEO Mark Ward and data storage device maker Copan Systems announced Feb. 16 an $18.5 million round of financing from a group of venture capital companies.

The company said it will use the money to expand product development and sales efforts. Wise choice of options.

Copan specializes in enterprise data storage systems that can store massive amounts of information, generally for organizations in the financial services, media, science, health care and government sectors. Its products also are very energy-efficient.

The company utilizes tiered enterprise MAID architectures that can scale from 28TB to 8PB within a single chassis.

Copan’s customers include Lockheed Martin, the U.S. Army, AOL-Time Warner, Facebook, MySpace, Sprint, Comcast and NASA.

Westbury Partners of Westbury, N.Y, led the investment round. Other participants were previous Copan Systems investors Credit Suisse, Austin Ventures, Globespan Capital Partners and Firstmark Capital.

eWeek Logo

eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site's focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.