Jerusalem Venture Partners (JVP) has participated in the sixth financing round of US start-up Sepaton Inc.. New investor Focus Ventures led the $15.5 million round alongside existing investors, Menlo Ventures, Valhalla Partners, HarbourVest Partners, and JVP.
Sepaton has raised $105 million since it was founded in 2000 by an expatriate Israeli, Dr. Alex Winokur, and two American partners. Winokur is a co-founder of Axxana Inc., which held a financing round last week.
Massachusetts-based Sepaton develops enterprise-class VTL and data duplication solutions. JVP has been with the company from the beginning. The company's revenue is estimated at several tens of millions of dollars a year. It has had no activity in Israel since closing its R&D center here in 2003.
JVP managing partner Erel Margalit said, "Sepaton's ability to raise such a substantial round in the current climate validates its dominance in the data protection space."
Published by Globes [online], Israel business news - www.globes-online.com - on April 7, 2009
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