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million round of financing from venture-capitapl groups. The money will help expand the company’s produc t development and sales efforts. Longmont-baseed Copan announced the new investment late Newinvestor , baed in Westbury, N.Y, led the investmeng round. It included funding from previous Copan Systemsinvestorxs Texas-based , Boston-based , New York City-based Firstmark Capital and Boston-based . Copan makes electronic data storagr devices that store massive amountsof information. Its producta are designed to require less energy to powerd and cool the devices than traditional datastorage products.
Most of Copan’s clients are in healtn care, media, technology, education, financial services and About a thirdof Copan’s revenue comes from federal government agencies. That part of the company’s business is expected to grow as mandates on preserving more information and cutting energgy use affect moregovernment work, Copan’sz announcement said.
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