What is Cohesity and why did it just pull in $250M in venture money?
Normally venture funding stories don’t get much play here, but when a company scores $250 million, for a grand total of $410 million raised, one has to wonder what all the hoopla is about. Especially given some of the spectacular flameouts we’ve seen over the years.
But Cohesity isn’t vapor; it’s shipping a product that it claims helps solve a problem that has plagued enterprises forever: data siloing.
Founded in 2013 and led by Nutanix co-founder Mohit Aron, Cohesity just racked up a $250 million investment led by SoftBank Group’s Vision Fund, which includes funding from Cisco Investments, Hewlett Packard Enterprise, Morgan Stanley Expansion Capital, and Sequoia Capital. Those are some big names, to say the least.