Storage Startup Attracts New Funding at Valuation of More Than $500 Million
Rows of colored high end data cables are seen feeding into racks of computer servers inside a comms room at an office in London, U.K., on Tuesday, Dec. 23, 2014. Vodafone Group Plc will ask telecommunications regulator Ofcom to guarantee that U.K. wireless carriers, which rely on BT's fiber network to transmit voice and data traffic across the country, are treated fairly when BT sets prices and connects their broadcasting towers.
Photographer: Simon Dawson/BloombergCohesity 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.