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UBC Incubated Coho Data Raises $30 Million Series C Round

Coho Data, a leading innovator in web-scale flash storage for the enterprise, today announced it has closed $30 million in Series C funding, bringing its total funding to nearly $67 million.

The round was led by March Capital Partners, with additional participation from Hewlett Packard Ventures and Intel Capital as well as existing investors Andreessen Horowitz and Ignition Partners.

Previously known as Convergent.io, Coho Data was founded in 2011 at the e@UBC Startup Space at the University of British Columbia in Vancouver. Coho Data raised $10 million in 2012 and $25 million in Series B funding in November 2013.

“Coho’s scale-out storage technology allows our customers to achieve web-scale economics within their own data centers by purchasing exactly the storage performance and capacity that they need, as they need it,” said Ramana Jonnala, Coho Data CEO and co-founder.

“This funding allows us to continue to grow into new markets and to invest in further broadening Coho’s product portfolio and capabilities.”

As part of Coho Data’s continued growth, the company will be using some of today’s funding to expand its presence in Canada and is currently hiring.

Next month the company will be relocating offices from Broadway and Granville to Yaletown in order to give the business the space it needs to grow its engineering team to 180 over the next two years.