Cohesity web-scale platform consolidates all secondary storage and data services into one unified solution. The platform simplifies data protection, consolidates file and object services, provides instant access to test copies, and performs in-place search and analytics.
Cohesity has raised more than $400 million from investors such as Sequoia Capital, Cisco Investments, and SoftBank Vision Fund.
Cohesity competes in data management industry and faces a strong competition from a number of firms, including its closest rival Rubrik. This may negatively affect its long-term viability and valuation.
In 2018 Cohesity was selected by the World Economic Forum as a Technology Pioneer for its ability to "transform society and industry" and "share the fourth industrial revolution." Former Pioneer recipients include Google, Twitter, and Airbnb.
The global Enterprise Data Management Market is expected to reach approximately $146B by 2023 growing with 12% CAGR.
The company has quadrupled the size of its customer base and saw a 300% increase in revenues in fiscal year 2018. In August 2018 Cohesity said it has reached an annual revenue run rate of $200 million.
Cohesity has raised a total of $660M in funding over 5 rounds. Their latest funding was raised on Apr 9, 2020 from a Series E round at $2.5B valuation ($13.86 per share).