Total amount raised
$70 Million
Latest funding date
6/1/2015
Location
Cohesity has successfully raised funding over 11 rounds, with the latest being a Secondary Market round. The company is backed by 43 investors, including recent ones like Irving Investors and Madrona.
Keep reading to explore the intricacies of Cohesity's fundraising journey and the investors supporting this data management technology firm.
What Is Cohesity?
Cohesity, based in Santa Clara, California, is a prominent player in the data management technology industry. The company specializes in hyper-converged secondary storage solutions for backups, files, and analytics, as well as AI-powered data security and management solutions.
Founded by Mohit Aron, Cohesity has grown significantly, employing between 1001-5000 people. The company has raised funding through 11 rounds and has made two notable acquisitions, Veritas Technologies and Imanis Data.
How Much Funding Has Cohesity Raised?
- Series B
- Amount Raised: USD 55,000,000
- Date: June 2015
- Lead Investors: Artis Ventures, Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and accelerate product development.
- Series C
- Amount Raised: USD 90,000,000
- Date: April 2017
- Lead Investors: Google Ventures, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and scale operations.
- Series D
- Amount Raised: USD 250,000,000
- Date: June 2018
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and product innovation.
- Series E
- Amount Raised: USD 250,000,000
- 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 expand market presence and capabilities.
- Secondary Market
- Amount Raised: USD 145,000,000
- Date: March 2021
- Lead Investors: Steadfast Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: USD 150,000,000
- Date: April 2024
- Lead Investors: IBM, Nvidia Corp.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of cyber resilience capabilities across hybrid cloud environments.
- 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 support strategic growth initiatives and market expansion.
- 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 enhance product development and expand market reach.
- 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 strengthen financial stability and support operational growth.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: April 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: USD 940,000,000
Current Valuation: Not publicly disclosed
Key Investors
- IBM
- Details: IBM is a multinational technology and consulting company known for its hardware, software, and services. It has a significant presence in cloud computing, AI, and enterprise solutions.
- Investment Focus Areas: Cloud computing, AI, enterprise solutions, technology services.
- Notable Investments: Cloud computing platforms, AI technologies, enterprise software solutions.
- Nvidia Corp.
- Details: Nvidia is a technology company known for its graphics processing units (GPUs) and AI computing. It is a leader in the fields of gaming, professional visualization, data centers, and automotive markets.
- Investment Focus Areas: AI computing, GPUs, gaming, professional visualization, data centers, automotive markets.
- Notable Investments: AI startups, gaming technologies, data center solutions.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund that focuses on technology investments. It is known for its large-scale investments in innovative tech companies.
- Investment Focus Areas: Technology, AI, robotics, telecommunications.
- Notable Investments: Uber, WeWork, Arm Holdings.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in early and growth-stage companies. It has a strong track record of backing successful tech startups.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, WhatsApp.
- Wing Venture Capital
- Details: Wing Venture Capital is a venture capital firm that focuses on early-stage investments in technology companies. It has a particular interest in enterprise technology and data infrastructure.
- Investment Focus Areas: Enterprise technology, data infrastructure, cybersecurity.
- Notable Investments: Snowflake, Cohesity, Gong.
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 company aims to leverage its strategic partnerships with IBM and Nvidia to expand its market reach and develop AI-powered data security solutions. This significant financial backing underscores the vast opportunities available in the growing $30 billion data security and management market.
Future fundraising opportunities seem promising, given the continued support from marquee investors like Softbank Vision Fund and Sequoia Capital. However, Cohesity may face challenges such as intense competition and the need for continuous innovation to combat evolving cyber threats. The integration of new acquisitions and partnerships will also require careful management to ensure seamless scalability and operational efficiency.
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