Ignition Partners, a new investor in Coho Data has helped the company to raise $25 million. Andreessen Horowitz, an existing investor was also involved in the funding round.
With the funding, Ignition Partners has seen their managing director, Frank Artale join Coho’s board of directors.
Coho Data is involved in the provision of cloud-based storage facilities for its clients.
The company has just emerged from stealth mode last month and it has indicated that it will use the funds to set up research and development as well as marketing. This will be done as the company prepares to launch its DataStream product later in the year.
The startup was launched in 2011 and has offices in Vancouver, Sunnyvale and British Columbia.