The incredible shrinking economy may not be creating much in the way of jobs, profits or consumer confidence, but it’s doing a bang-up job of producing data. The Information Age is nothing if not a volcanic profusion of digitized documents, photographs and video — not to mention the data emerging from the genomics industry and other deeply scientific pursuits. All of which helps explain why a 2-year-old San Jose startup called Ocarina Networks on Wednesday announced that it had secured $20 million in second-round funding as it bring its storage optimization technologies to a marketplace where consumers have come to think that data storage is virtually free. (Think of your e-mail files.) - Scott Duke Harris
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