Storage vendor Cohesity raises $250m in funding

Next-generation storage start-up Cohesity has announced it has received $250m (£186m) in funding from a series of investors that includes Cisco and Hewlett Packard Enterprise (HPE), and said it will use the money to expand internationally.

The funding round was led by SoftBank Vision Fund, and marks only the second time it has invested in an enterprise software company, after investing in workplace messaging app Slack last year.

Cohesity provides services to help businesses store, manage and protect their data. It is planning to use the investment to fund a large-scale global expansion.

Pete Chung, managing principal and head of investor Morgan Stanley Expansion Capital, said that Cohesity’s hyperconverged architecture will “fundamentally change” the secondary storage landscape.

“We are excited to help fuel the company’s momentum in providing enterprise customers with seamless application and data movement across the cloud and corporate data centre,” Chung said.

“Cohesity represents that elusive combination of rapid growth, meaningful scale, and market momentum we look for as later-stage investors.”

Cohesity hopes that the renewed support from “strategic investors” Cisco and HPE will give it a foothold to grow its presence among enterprise customers globally.

Vishall Lall, chief strategy officer at HPE, said the company was “proud” to invest and partner with Cohesity.

“We continue to collaborate closely to integrate Cohesity’s market-leading hyperconverged secondary storage platform with our cutting-edge data centre solutions to provide an integrated, tested, and validated offer to customers.”



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