Total amount raised
$70 Millions
Latest funding date
June, 2015
Location
Cohesity has successfully raised significant funding over multiple rounds, establishing itself as a key player in the data security and management sector. The platform offers AI-powered solutions designed to enhance data protection and streamline management processes.
Keep reading to explore the intricacies of Cohesity's fundraising journey and the investors backing this innovative platform.
What Is Cohesity?
Cohesity, founded in 2013, is headquartered in San Jose, California. The company was established by Mohit Aron, who previously co-founded Nutanix.
Specializing in AI-powered data security and management, Cohesity offers a unified platform for securing, managing, and extracting value from data. Their solutions include data protection, ransomware recovery, disaster recovery, and data migration.
With a workforce of over 1,000 employees, Cohesity continues to innovate in the data management sector, providing scalable and secure solutions for businesses worldwide.
How Much Funding Has Cohesity Raised?
- Series A
- Amount Raised: $15M
- Date: November 2013
- Lead Investors: Sequoia Capital, Wing Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop the core platform.
- Series B
- Amount Raised: $55M
- Date: June 2015
- Lead Investors: Artis Ventures, Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Series C
- Amount Raised: $90M
- Date: April 2017
- Lead Investors: Google Ventures, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance data management solutions.
- Series D
- Amount Raised: $250M
- Date: June 2018
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in AI-powered data security.
- Series E
- Amount Raised: $250M
- Date: April 2020
- Lead Investors: DFJ Growth, Foundation Capital, Greenspring Associates, Wing Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for growth and expansion.
- Secondary Market
- Amount Raised: $145M
- Date: March 2021
- Lead Investors: Steadfast Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series F
- Amount Raised: $150M
- Date: April 2024
- Lead Investors: IBM, Nvidia Corp.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance cyber resilience capabilities and support R&D efforts.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: JP Morgan Chase
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for strategic initiatives.
- Series G
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: The Carlyle Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and market expansion.
- Series H
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: Haveli Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance product offerings.
Total Amount Raised: $905M
Current Valuation: $7 billion
Key Investors
- IBM
- Details: IBM is a multinational technology and consulting company known for its hardware, software, and services. It has a long history of innovation and leadership in the tech industry.
- Investment Focus Areas: Cloud computing, AI, data security
- Notable Investments: Red Hat, Palantir, Box
- Nvidia Corp.
- Details: Nvidia is a technology company renowned for its graphics processing units (GPUs) and AI computing. It has been a key player in advancing AI and deep learning technologies.
- Investment Focus Areas: GPUs, AI computing, data center solutions
- Notable Investments: Arm Holdings, Mellanox Technologies, DeepMap
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds in the world. It aims to support transformative companies and technologies.
- Investment Focus Areas: Technology, innovation, AI
- Notable Investments: Uber, WeWork, ByteDance
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has backed many successful technology companies. It is known for its early-stage investments in high-growth startups.
- Investment Focus Areas: Technology, growth-stage companies, healthcare
- Notable Investments: Apple, Google, WhatsApp
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that focuses on investing in high-growth technology companies. It has a strong track record of supporting innovative startups.
- Investment Focus Areas: Growth-stage technology companies, AI, enterprise software
- Notable Investments: SpaceX, Tesla, Box
What's Next for Cohesity?
With the recent $150 million Series F funding, Cohesity is poised to enhance its cyber resilience capabilities across hybrid cloud environments. The expanded partnership with IBM and the acquisition of Veritas' data protection business open doors to a $30 billion market, offering substantial growth potential. These strategic moves position Cohesity to capture a larger market share and strengthen its product offerings.
Future fundraising opportunities seem promising, given the successful Series F round and ongoing strategic partnerships. However, challenges such as regulatory approvals for acquisitions, intense competition, and the need for continuous innovation in a rapidly evolving tech landscape could pose hurdles. Cohesity's ability to navigate these challenges will be crucial for sustaining its growth trajectory.
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