Coho Data raises $25m in Ignition-led Series B


dollar4_sqCloud-based storage infrastructure specialist Coho Data has raised $25m in a Series B round led by new investor Ignition Partners.

Existing backer Andreessen Horowitz also participated in the round, which will fund Coho Data’s research and development and marketing efforts.

The company’s main product is the Coho DataStream 1000 storage system, which it said is designed to deliver 18x the performance of traditional storage.

Ignition Partners managing director Frank Artale said, “Flash technology has been limited to point use cases to date, but with Coho Data’s approach to using commodity hardware for cloud economics and its innovative use of software-defined networking integration for reliable scale, we believe flash’s full potential for mainstream datacenter usage is finally being unlocked.

“Having known this experienced and innovative leadership team for many years, I’m thrilled to be joining the board and excited to support Coho Data’s growth.”

Two month ago, Ignition led a $15m Series B financing round for big data private cloud startup BlueData.

The firm closed its fifth fund on $150m in April this year.

Copyright © 2013 AltAssets