Mendocino Hauls In $18 Million, But Mum On Plans
Mendocino Software has closed on an $18 million funding round to help bring its continuous data protection (CDP) product to market later this year, but the company remains mum on reports that EMC will be reselling the product.
"We have two major OEMs signed, but we have not made any public announcements about those relationships yet," said Eric Burgener, Mendocino's marketing vice president. "I can't comment on your EMC question."
The company's second round of funding brings its total haul to $33 million. Foundation Capital led the round, and current investors Accel Partners, Advent International and Mayfield participated.
Burgener said the funding will be used primarily "to build out the necessary infrastructure to support our distribution partners as they start to sell our product later this year, particularly in the technical support and business development areas."
Mendocino calls its products "recovery management solutions" targeted at application environments where current data protection technologies are not meeting business or regulatory requirements for rapid, dependable recovery. Recovery management complements existing data protection infrastructure to address backup window, data loss and recovery time issues, the company says. Mendocino says its technology leverages an underlying infrastructure built on time and event addressable storage to return any application, database or file system to any previous point in time or process instantly and easily.
With all the buzz around CDP and reports of a deal with EMC, it's no wonder Mendocino is attracting attention and cash.
"Mendocino is definitely a company to watch," says Arun Taneja, founder and consulting analyst at The Taneja Group. "With an established pedigree of enterprise storage domain expertise, and a distribution model that delivers application and data recovery solutions to enterprises through trusted supplier partners, Mendocino is well positioned to provide solutions that can meet the most stringent recovery requirements."