And from Recode, April 13, a slightly different angle:
The five-year-old company is led by prominent CEO Mohit Aron.
SoftBank’s Vision Fund is in late talks to fund a hot data-storage company, Cohesity, in a deal that would value the company at about $1 billion.Investors would place at least $150 million into the company, people familiar with the matter say, in what would be the latest romp on a deal spree by the massive technology investing firm. The Vision Fund-led round is still in the process of closing, the people said, and the numbers could change slightly.Cohesity would be valued in the ballpark of $900 million before the new money.The Vision Fund declined to comment. Cohesity did not respond to requests for comment.
The five-year-old company is led by prominent CEO Mohit Aron, who previously co-founded a different enterprise software company, Nutanix, that went public in late 2016. Aron has raised about $160 million for his company from investors like Sequoia Capital, Wing Ventures and Google Ventures. It was last valued at $470 million a year ago, before the cash, according to PitchBook.
The funding is a sign of momentum for Cohesity, which is competing against legacy players like Dell EMC and CommVault in addition to other startups.