Cohesity, a San Jose, CA-based data management provider specializing in solutions for hybrid cloud environments, has raised $150 million in Series F funding.
The company also announced an extension of its relationship with International Business Machines Corp. (IBM).
Investors
IBM and Nvidia Corp. participated in the funding round.
Cohesity's Use of Funds
The company will use the new funding to accelerate the development of essential cyber resilience capabilities across hybrid cloud environments. Cohesity also ue the funds to support its research and development efforts to enhance its cyber resilience offerings and expand its market reach.
About Cohesity
Cohesity is a company that provides AI-powered data security and management. The company offers comprehensive data protection, backup, and recovery services aimed at safeguarding data against cyber threats. Cohesity's platform converges multiple-point products into a single multicloud platform that can be deployed on-premises or consumed as a service. Cohesity 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.
Funding Details
Company: Cohesity, Inc.
Raised: $150.0M
Round: Series F
Funding Month: April 2024
Investors: IBM and Nvidia Corp.
Company Website: https://www.cohesity.com/
Software Category: Data Security and Management
Source: https://siliconangle.com/2024/04/11/cohesity-completes-late-stage-funding-ibm-nvidia-expands-ibm-partnership/