Cohesity, a provider of hyperconverged secondary storage, is receiving its largest funding to date, raising over $90 million in a Series C round co-led by investors GV (formerly Google Ventures) and Sequoia Capital, to expand sales and marketing to meet explosive customer demand.
Cisco Investments and Hewlett Packard Enterprise (HPE) also participated in this round as strategic investors, joining Accel, ARTIS Ventures, Battery Ventures, DHVC (formerly Danhua Capital), Foundation Capital, Qualcomm Ventures (the investment arm of Qualcomm Incorporated), Trinity Ventures, and Wing Venture Capital.
The decision to seek additional funding was driven by a rapid uptick in customer demand for Cohesity’s hyperconverged secondary storage platform, which debuted over one year ago.
The investment will accelerate Cohesity’s research and development of additional secondary storage use cases beyond data protection, with a special focus on analytics, test/dev, file services and object services.
The company also introduced its latest offering, Cohesity 4.0, which adds new capabilities such as native S3-compatible object storage, a new NAS adapter for expanded data protection coverage, and erasure coding for increased storage efficiency, all on a web-scale, software-defined platform.
Cohesity enables customers to consolidate and simplify secondary storage across on-premises and cloud infrastructure, leveraging the same data assets to handle a variety of different workloads and drive new revenue streams.
For more information about this announcement, visit cohesity.com.