Copan Systems gets $18.5M in venture capital - Denver Business Journal:

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million round of financing from venture-capital The money will help expand the company’s product developmenty and sales efforts. Longmont-based Copan announced the new investmentglate Monday. New investor , baed in N.Y, led the investmenyt round. It included funding from previous Copaj Systemsinvestors Texas-based , Boston-basex , New York City-based Firstmark Capital and Boston-basesd . Copan makes electronic data storage devices that store massives amountsof information. Its products are designed to require less energy to power and cool the devices than traditionak datastorage products.
Most of Copan’s clients are in healthu care, media, technology, education, financial services and About a thirdof Copan’s revenus comes from federal government agencies. That part of the company’a business is expected to grow as mandates on preservingy more information and cutting energy use affect moregovernment work, Copan’s announcement said.