Data management company Cohesity raises US$250M in Series E funding led by DFJ Growth, others
Data management company Cohesity announces that it has received US$250 million in Series E funding, led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital. DFJ Growth and Greenspring Associates are new investors along with Baillie Gifford and Sozo Ventures, who joined existing investors, including Sequoia Capital and SoftBank Vision Fund 1, as well as strategic investors Hewlett Packard Enterprise and Cisco Investments.
With the fresh funding, Cohesity is now valued at US$2.5 billion, more than double the valuation from the company’s Series D round less than two years ago.
Cohesity said it plans to leverage the new investment to advance research and development — building new capabilities to serve enterprises. The company will also continue to broaden its reach and awareness both domestically and internationally while extending its relationships with alliances and partners.
Cohesity offers a platform that simplifies the way businesses back up, manage, protect, and extract value from their data — in the data centre, at the edge, and in the cloud.
Mohit Aron, CEO, and founder, Cohesity, said that the company has completed its transition to a software business model since its last funding round.