Cohesity Raises $250M in Series E
Cohesity has successfully raised $250M in a Series E at a $2.5B valuation led by Sequoia Capital, SoftBank.
Company Overview
Cohesity is a Data Protection company headquartered in San Jose, CA, founded in 2013 with 1000+ employees.
Data management platform
Fundraising Details
- Amount Raised: $250M
- Round Type: Series E
- Valuation: $2.5B
- Date: 2024-10-01
- Investors: Sequoia Capital, SoftBank
About Cohesity
Data management platform The company is positioned in the Data Protection sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Jose, CA
- Founded: 2013
- Team Size: 1000+
- Industry: Data Protection
What This Means
This funding round demonstrates strong investor confidence in Cohesity's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Data Protection sector continues to attract significant investment as companies innovate to meet evolving market demands. Cohesity's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.5B valuation marks an important milestone for Cohesity, positioning the company among notable players in the Data Protection industry.
Looking Ahead
With this new capital, Cohesity is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data Protection space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-10-01. For more information about Cohesity, visit their headquarters at San Jose, CA.
