Cohesity, a San Jose, CA-based AI-powered data security and management company, received an investment from IBM.
The amount of the deal was not disclosed. With it, Cohesity completed its Series F financing, with IBM joining NVIDIA as a strategic investor.
Cohesity’s collaboration with IBM has brought Cohesity DataProtect together with IBM’s Storage Defender Solution to help their joint customers protect, monitor, manage, and recover data.
Led by CEO and President Sanjay Poonen, Cohesity specializes in AI-powered data security and management. Aided by an extensive ecosystem of partners, it works to secure, protect, manage, and get value from data – across the data center, edge, and cloud. The company helps organizations defend against cybersecurity threats with comprehensive data security and management capabilities, including immutable backup snapshots, AI-based threat detection, monitoring for malicious behavior, and rapid recovery at scale.
Commenting on the news, Sanjay Poonen said: “IBM is a powerful partner in the enterprise cloud and IT infrastructure market. They bring decades of expertise to our relationship, in addition to their investment in our business to help fund incremental research and development to offer customers even stronger cyber resilience.”
FinSMEs
11/04/2024