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?
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.
Data Storage, Data Center products, Technology
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.
Cohesity Data Platform
Series A - $15mn
Series B - $55mn [June 2015]
Wing Venture Capital
Sequoia Partner Bill Coughran
Tags: nutanix, cohesity, data storage, startup, public, series c, revenue model, business model, dark data,