Cohesity, a San Jose, Calif. – based a data management software company, raised $250m in Series E funding.
The round was led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital with participation from Baillie Gifford and Sozo Ventures and existing investors Sequoia Capital and SoftBank Vision Fund 1, as well as strategic investors Hewlett Packard Enterprise and Cisco Investments. Cohesity is now valued at $2.5 billion. With the new funding, total funding since inception exceeds $650 million.
The company intends to use the funds to advance research and development, continue to broaden its reach and awareness both domestically and internationally, while extending its relationships with alliances and partners.
Led by Mohit Aron, CEO and founder, Cohesity provides a web-scale data management platform that aims to solve mass data fragmentation. The vast majority of enterprise data — backups, archives, file shares, object stores, and data used for dev/test and analytics — sits in fragmented infrastructure silos that make it hard to protect, expensive to manage, and difficult to analyse. The platform consolidates silos onto one web-scale platform, spanning from the data center to edge to cloud, and allows organizations to run apps on that platform, back up and extract insights from data.