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CipherMax Raises $10 Million

CipherMax Inc. (f.k.a. MaXXan Systems), a provider of enterprise-class storage security solutions, has raised $10 million in “Series B” funding. Return backers included U.S. Venture Partners, Venrock Associates and Scale Venture Partners. The company has raised over 4150 million in total VC funding since 2000, including a Series E infusion last summer at a post-money valuation of approximately $104 million.