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11/8/2013
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Software-Defined Storage Startups Win Funding

Primary Data and Coho Data garner substantial financing, but software-defined storage remains more hype than reality.

Software-defined everything is hot and lately the needle is pointing toward software-defined storage, as two early-stage startups recently received significant infusions of equity.

Primary Data, which won’t even emerge from steal mode until at least the second quarter of next year, announced that it received $50 million in venture funding from Accel Partners, Battery Ventures, Pelion Venture Partners, Lightspeed Venture Partners and Wing Capital Group. The company is developing a data virtualization and mobility product designed to allow data to live outside of storage systems.

Meanwhile, Coho Data, which itself emerged from stealth mode just a few weeks ago, received a $25 million infusion from Ignition Partners and existing investor Andreesen Horowitz. Coho, which integrates applies software-defined networking to scale-out storage has now raised $35 million to date. It plans to make its product, Coho DataStream, available by the end of the year.

Read the rest of this article on Network Computing.

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