Story image

Cohesity raises US$250 million in funding round

Cohesity announced it raised $250 million in an oversubscribed Series D funding round led by the SoftBank Vision Fund with participation from strategic investors Cisco Investments, Hewlett Packard Enterprise (HPE), and Morgan Stanley Expansion Capital, along with early investor Sequoia Capital and others. 

The investment is a testament to Cohesity’s experience in transforming data centre and cloud operations with web-scale simplicity for secondary data. 

This round brings total equity raised to $410 million, outpacing all other Series D enterprise software investments in the United States over the last 18 months. 

This is only the second time SoftBank Investment Advisers has invested in an enterprise software company. 

Cohesity is using the investment to power large-scale global expansion by attacking a problem that enterprises currently spend an estimated $60 billion each year to address using separate point solutions.

Cohesity CEO Mohit Aron says, “My vision has always been to provide enterprises with cloud-like simplicity for their many fragmented applications.

“Cohesity has built significant momentum and market share during the last 12 months and we are just getting started.”

“We succeed because our customers are some of the world’s brightest and most fanatical IT organisations and are an extension of our development efforts.”

By simplifying application and data management while improving efficiency, Cohesity has supposedly delivered value to customers. 

Cohesity data platform aims to address the fragmented and complex infrastructure that enterprises are currently attacking with massive resources that could be driving success in other parts of the business.

Cohesity will benefit from the renewed support of strategic investors Cisco and HPE, both innovative technology leaders serving the Forbes Global 2000. 

HPE offers a suite of comprehensive solutions built with Cohesity’s platform. 

Their decision to double down on prior strategic investments in Cohesity will give the company a greater foothold to grow its presence among enterprise customers throughout the world.

Inspur uses L11 rack level integration to deploy 10,000 nodes in 8 hours
Inspur recently delivered a shipment of rack scale servers of more than 10,000 nodes to the Baidu Beijing Shunyi data center within 8 hours.
How HCI helps enterprises stay on top of data regulations
Increasing data protection requirements will supposedly drive the demand for Hyper-Converged Infrastructure solutions across the globe.
Vodafone and PNSol champion new ‘invisble network’ broadband project
"As an industry, we've increased the speed of broadband to one gigabit and beyond, which is a remarkable achievement, but we now have to look beyond speed."
Top 3 cloud computing predictions – what’s in store for 2019?
Virtustream's Deepak Patil shares his predictions for how cloud computing will evolve in 2019.
Rubrik welcomes $261m funding for new market expansion
The company intends to use the funds from new investor Bain Capital Ventures will go toward future innovation and expansion.
Survey finds retailers 'bullish' on hybrid cloud adoption
The retail industry takes no prisoners and that’s made clear in its 'on the pulse' adoption of new technologies.
New research shows data centre acquisition upsurge
Despite the rise in number of deals, the total value for the year actually fell below the 2017 peak.
Upgrade to Australia-Japan submarine cable system with Infinera Subsea Solution
AJC tripled capacity on its 12,700-kilometer subsea cable system by upgrading their Infinera DTN-X network with Infinera’s fourth generation optical engine.