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    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

    Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

      Energy-as-a-Service startup Redaptive secures $200 million from CPP

      Energy-as-a-Service startup Redaptive secures $200 million from CPP

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      Home Software

      Amid Global Pandemic, Data Management Firm Cohesity Raises $250m

       1,922 total views,  1 views today

      USTechTimes Editor by USTechTimes Editor
      April 13, 2020
      Cohesity
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      Cohesity, a US data storage and enterprise software company with office in Singapore, announced raising $250 million in a Series E funding round that brings the company’s total value at $2.5 billion, more than double the valuation 21 months ago.

      In a statement, the company said its latest funding round was led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital. Existing investors Sequoia Capital and SoftBank Vision Fund 1 and strategic investors Hewlett Packard Enterprises and Cisco Investments also participated in the fundraising activity.

      Based in California, Cohesity provides services to help businesses store, manage, and protect their data. In 2018, the Vision Fund led a $250-million investment into the company at a valuation of more than $1 billion.

      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 analyze. Cohesity consolidates silos onto one web-scale platform to allow organizations to run apps on that platform — making it easier than ever to back up and extract insights from data.

      The successful fundraising is not common at a time when global uncertainty grips the overall tech investment space. Mohit Aron, CEO and founder of Cohesity, said the funding round is a testament to the “the promise that investors see in the company”.

      “More enterprises globally are abandoning legacy offerings in favour of our modern, software-defined approach to data management that is incredibly simple to use – critical during these challenging times as customers are looking to reduce total cost of ownership while enabling remote IT teams,” Aron added.

      The company will use the fresh funding to advance research and development – building new capabilities to serve some of the largest enterprises in the world, according to the announcement.

      Additionally, Cohesity will also continue to broaden its reach and awareness both domestically and internationally, while extending its relationships with alliances and partners.

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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