April 4th, 2017 by Adam Armstrong
Cohesity Announces 4.0 & Raises $90 Million In Series C Funding
Today Cohesity announced fourth-generation offerings with Cohesity DataPlatform 4.0 and Cohesity DataProtect 4.0. These latest versions bring more formats and infrastructures to Cohesity’s hyperconverged platform including object storage and network-attached storage (NAS). Cohesity is also announcing that it has raised an additional $90 million in series C funding.
As we previous stated, the Cohesity Data Platform is a hyperconverged secondary storage platform that, in their words, enables enterprises to take control of snowballing data growth and complex storage environments. Cohesity goes on to claim that customers can reduce their footprint by 80% while realizing immediate cost efficiencies by starting with backup. Version 4.0 extends these benefits to even more markets including NAS backups and adding features for virtual and physical server backups. Cohesity is also added erasure coding stating that it will provide up to 43% improvement in usable capacity over replication.
The newest version broadens the types and range of workloads that the Cohesity platform can handle (including objects and files) increasing the potential pool of customers for Cohesity. That company states that it can now maximize data sharing and overall infrastructure efficiency by supporting simultaneous access to corporate data via S3, NFS and SMB protocols. Cohesity not only provides hyperconverged secondary storage, they have a platform that moves past just backups and consolidates all secondary data use cases.
Other new features include:
- The ability to set access permissions for individual administrators and operators
- Assign storage quotas for individual file systems
- Create write-once-read-many (WORM) file systems for regulatory compliance
- Manage all these features through a single administrative console and/or RESTful APIs
- Data protection for NAS systems, such as NetApp filers, to its existing coverage of virtual servers, physical servers and Pure Storage FlashArray//M
Cohesity is also announcing that it has raised an additional $90 million in series C funding. This round of funding was lead by GV (formerly Google Ventures) and Sequoia Capital, with additional investors such as Hewlett Packard Enterprise (HPE), Accel Ventures, ARTIS Ventures, Battery Ventures, DHVC (formerly Danhua Capital), Foundation Capital, Qualcomm Ventures, Trinity Ventures and Wing Venture Capital. The funding will go toward marketing, sales, and R&D.
Cohesity 4.0 is expected to be available within the next 90 days.