US-based flash storage provider Coho Data closed a $30m series C round yesterday backed by Hewlett-Packard Ventures and Intel Capital, the respective corporate venturing subsidiaries of computing firm Hewlett-Packard and semiconductor technology producer Intel.
The round was led by venture capital firm March Capital Partners and also featured VC firms Andreessen Horowitz and Ignition Partners.
Coho Data provides flash storage technology to companies and creates an on-site version of a public cloud. The infrastructure can be expanded as a company’s storage needs increase, enabling businesses to avoid large upfront costs to build a data centre.
Founded in 2010 as Convergent.io, Coho raised $25m from an Ignition Partners-led series B round in 2013 that also featured Andreessen Horowitz, after Andreessen Horowitz had invested $10m in the company 2012. Coho has secured almost $67m in total funding.
Ramana Jonnala, chief executive and co-founder of Coho Data, said: “This funding allows us to continue to grow into new markets and to invest in further broadening Coho’s product portfolio and capabilities.”