Jun 24, 2015

COHESITY - DATA STORAGE STARTUP RAISED $70 MN IN TWO ROUNDS



Cohesity Inc who is trying to emerge in Data Storage market has raised $70 million in  two rounds funding with a promise of a product that consolidates what are called secondary storage systems–anything that doesn’t run a company’s production applications.

Storage startup Cohesity has emerged from stealth and announced its early funding. The company wants to reinvent secondary storage and take on dark data.

What Big Problem is Cohesity Solving?
Dark Data
Cohesity is looking to address the problems of "dark data." The term dark data refers to data that is collected by an organization but isn't properly used. Usually the data is unstructured and untagged, so it is rarely accessed by the parent organization.

How do Cohesity wants to spend the raised funds?
Money will be used to grow engineering, sales, and marketing teams in order to better prepare for the release of the data platform.

Startup Type
Data Storage, Data Center products, Technology

Founder
Cohesity was founded in 2013 by Mohit Aron a serial entrepreneur with a quest to consolidate computing and storage systems so that data centers can run more efficiently. Aron previously worked on Google File System at Google from 2003-2007.

Products
Cohesity Data Platform

Funds raised
Series A - $15mn
Series B - $55mn [June 2015]

Investors
Sequoia Capital
Wing Venture Capital
Artis Ventures
Qualcomm Ventures
Accel Partners,
Battery Ventures,
Google Ventures
Trinity Ventures.
Sequoia Partner Bill Coughran
Guarav Garg




Tags: nutanix, cohesity, data storage, startup, public, series c, revenue model, business model, dark data, 

0 comments:

Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
-