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Software Defined Storage Firm Coho Data Raises $25M

By - Source: Toms IT Pro
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Coho Data announced last week that it had closed a $25 million dollar Series B funding to be used to accelerate its quest to make its Coho DataStream product available by end of year.

This ramp up is almost a month after Coho Data came out of stealth mode last October.

[READ MORE: Coho Data Touts Cloud-like, Scale-out Storage]

The Series B round of funding was led by a new investor, Ignition Partners, and included existing investor, Andreessen Horowitz.  The funds are tagged to accelerate Coho Data's R&D and go-to-market efforts.

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Bill Oliver has been working in Healthcare for the past 30+ years in a variety of management roles including Material Management, Purchasing, Nurse Registry, and IT. In the past 12 years his focus has been on the business end of IT Contracts, Software Licensing and Purchasing.

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According to its website, Ignition Partners is a "boutique early stage venture capital firm investing in enterprise software." It has a pretty robust portfolio and includes Xen which, since Coho Data is being "led by a team of XenSource/Citrix virtualization and storage industry veterans" may explain Ignition Partner's inclination and interest in backing the company.

"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," said Frank Artale, managing director from Ignition Partners and the latest addition to Coho Data's Board of Directors. "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."

No changes to the product/architecture were announced.

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