Cohesity, an enterprise-focused data storage startup based in San Jose, California, has raised $250 million in a series D round of funding led by SoftBank’s Vision Fund, with participation from Sequoia Capital, Cisco Investments, Hewlett Packard Enterprise (HPE), Morgan Stanley Expansion Capital, Battery Ventures, and Trinity Ventures, among other earlier investors.
Founded in 2013, Cohesity focuses specifically on secondary data storage, which means its platform helps companies consolidate their vast banks of non-mission critical data, such as backups, analytics, development copies, and more. According to Cohesity, around 80 percent of companies’ storage capacity is consumed by secondary data, which can be expensive to maintain and is a poor resource allocation for companies that rarely need access to the data. Plus, it can be difficult to search and analyze the data, especially if it’s spread across multiple silos.
This is the problem that Cohesity is looking to fix with its “hyper-converged” platform.
Prior to now, Cohesity had raised around $160 million in funding, with its previous $90 million series C round co-led last year by Alphabet’s venture capital arm GV and Sequoia Capital. With another chunky $250 million in the bank, Cohesity said it plans to double down on its global expansion efforts.
“My vision has always been to provide enterprises with cloud-like simplicity for their many fragmented applications and data — backup, test and development, analytics, and more,” said Cohesity CEO and founder Mohit Aron, who previously cofounded converged datacenter infrastructure…