Storage Startup Attracts New Funding at Valuation of More Than $500 Million
GV, Sequoia Capital lead $90 million funding round for Cohesity
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Cohesity Inc., a startup that specializes in data storage, landed funding that valued the company at more than $500 million, according to a person familiar with the matter, giving it fresh resources to bolster growth.
GV -- the venture capital arm of Google parent Alphabet Inc. -- and Sequoia Capital co-led an investment round of more than $90 million. That's the third major funding round for Cohesity, bringing the total investments in the company to more than $160 million. The new infusion will help the startup expand internationally while also improving its lineup with more engineers, according to Mohit Aron, chief executive officer and founder.