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Cohesity announced it has raised a total of $70 million in venture capital funds to create a scalable data storage solution.
Cohesity’s data platform is designed to eliminate fragmentation and data sprawl in secondary storage by leveraging a Google-like, Web-scale architecture to converge data silos for backup, development and analytics onto a single platform that lets businesses simultaneously manage, protect, and learn from their data.
The company closed a Series A round of $15 million led by Sequoia Capital and Wing Venture Capital last year, followed last month by a $55 million Series B investment round led by Artis Ventures and Qualcomm Ventures, as well as Accel Partners, Battery Ventures, Google Ventures, and Trinity Ventures.
Cohesity was founded in 2013 by Mohit Aron, the founder of infrastructure company Nutanix and a former engineer at Google, where he helped design the Google File System.
“We feel that lots of the complexity and inefficiencies of secondary storage are due to it being fractured across so many point products, so the vision for the company is to bring all these workflows for data protection, testing and development and analytics into a cohesive solution that scales to support all these uses more efficiently,” Aron told eWEEK.
“The key challenge we hear over and over is that customers are flying through more and more storage every six months but yet don’t have a real idea of what they’re actually storing,” Aron said. “That means not only are they spending tons of money and time managing an asset that is doubling nearly every year, but they’re also not getting sufficient value out of it. They’re paying for a really expensive insurance policy and that data is passive and not utilized.”
Cohesity already has rolled out an early access program and counts Tribune Media and GS1 Canada among its customers.
“As a Web-scale company treading uncharted territory, my team at Google had to build the Google File System to store, protect and make use of massive volumes of data,” Aron said. “This tsunami is now hitting individual enterprises, where the storage and usage of that data is even more complex due to security and resiliency requirements, yet the products other there are very purpose-built to handle small, specific uses.”
He said he foresees the Web-scale trend, including convergence architectures like Cohesity’s, gaining adoption in organizations seeking to control this data chaos and to achieve new levels of efficiency in storing, protecting and learning from their data.