Sunday, May 29, 2022
Technology News
Trusted, Accurate, and Validated
Home / Business  / Cohesity Series D Raises $250 Million

Cohesity Series D Raises $250 Million

Cohesity Series D Raises $250 Million

Hyperconverged secondary storage provider Cohesity closed $250 million in an oversubscribed Series D funding round led by the SoftBank Vision Fund with strong participation from strategic investors Cisco Investments, Hewlett Packard Enterprise, and Morgan Stanley Expansion Capital, as well as early investor Sequoia Capital.

Cohesity is designed to consolidate secondary storage silos onto a hyperconverged, web-scale data platform that spans both private and public clouds, allowing its enterprise customers to streamline their backup and data protection, converge file and object services, and test/dev instances and analytic functions to provide a global data store.

Cohesity counts Global 1000 companies and federal agencies among its customer base and was named to Forbes’ “Next Billion-Dollar Startups 2017,” LinkedIn’s “Startups: The 50 Industry Disruptors You Need to Know Now,” and CRN’s “2017 Emerging Vendors in Storage” lists.

The company plans to use the investment to drive its large-scale global expansion.