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Cohesity Raises $250M From Softbank For It's Hyperconverged Storage Tech

Naveen Jindal| Software | 6 months



 

Cohesity has raised $250 million dollars of funding round which was led by Softbank's Vision Fund and it brings the total amount of funding raised by Cohesity to $410 million dollars. This is the second enterprise software company that Softbank's Vision Fund has invested in, first one being enterprise messaging platform Slack where it also invested $250M in September 2017. 

 

Cohesity is San Jose based company which is led by Mohit Aron and it offers a hyper converged data platform for storing and managing all the secondary data which is created outside the main production applications. Cohesity offers one stop platform for backup, files, objects, test/dev, and analytics. 

 

Cohesity allows enterprise customers to efficiently protect their virtual, physical and cloud environments by providing rapid recovery to any point in time with instant restore/recovery and this totally eliminates the need for legacy backup systems which had more of siloed approach. 

 

Company offers four different products : Data Protect - which offers simplified backup and recovery infrastructure, Data Platform - with offers consolidation of secondary data silos at web scale, Data Platform Cloud Edition - which offers cloud native integration,  Data Platform Virtual Edition - which offers enterprise-class management data to edge and remote offices. 

 

Founder of company is Mohit Aron who previously was co-founder at Nutanix. He is PhD in Computer Science from Rice University and holds a Bachelors in Computer Science from Indian Institute of Technology Delhi. Aron is regarded as the father of infrastructural hyperconvergence and has 15 years of experience building high-performance, distributed systems. Before Nutanix Aron was working at Google at its File system product. 

 

“Cohesity pioneered hyperconverged secondary storage as a first stepping stone on the path to a much larger transformation of enterprise infrastructure spanning public and private clouds,” said Deep Nishar, senior managing partner, SoftBank Investment Advisers. “We believe that Cohesity’s web-scale Google-like approach, cloud-native architecture, and incredible simplicity is changing the business of IT in a fundamental way.” 

 

“My vision has always been to provide enterprises with cloud-like simplicity for their many fragmented applications and data – backup, test and development, analytics, and more,” said Cohesity CEO and Founder Mohit Aron. “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 organizations and are an extension of our development efforts.” 

 

Along with Softbank the round also saw participation from previous investors - Cisco Investments,  Hewlett Packard Enterprise (HPE), and Morgan Stanley Expansion Capital, along with early investor Sequoia Capital and others. The company intends to use the funds to attack the problem more aggressively and focus on large scale global expansion.

 



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