Cohesity Raises Massive $90M Funding Round, Intros 4th-Gen Hyper-Converged Platform

Cohesity, a developer of hyper-converged infrastructure technology targeting secondary storage, has raised a $90 million funding round from Hewlett-Packard Enterprise and Cisco and others. Santa Clara, Calif.-based Cohesity also unveiled the latest generation of its Cohesity DataPlatform and Cohesity DataProtect software applications, which now bring object storage and NAS data to its hyper-converged infrastructure platform.  The $90 million Series C round shows the level of support Cohesity has from investors and technology partners, said Patrick Rogers, head of marketing and products for the company.  The new round, which brings total funding raised to date to $160 million, takes the company to break-even, with a little padding included, Rogers told CRN. "We're not cash-flow positive yet," he said. "But we've been selling for only five quarters." Rogers declined to discuss how large of a stake HPE and Cisco have in Cohesity, although he did say it was at "comparable levels" with that of the company's other investors. Cohesity does have close technology relationships with the two, he said. " #Cohesity is a part of #HPE' s Pathfinder program which is used to co-sell third-party technologies," he said. "With Pathfinder, HPE invests in promising technologies and co-sells them. We'll have more details coming. Our partnership with #Cisco started almost two quarters ago. We're working with a joint reseller in a meet-in-the-channel model." Rogers said one doesn't often see rivals like Cisco and HPE investing in the same company, but in this case, they both saw the value of Cohesity, which lies in addressing a part of the storage market that Cisco's HyperFlex and HPE's SimpliVity do not. "We focus on the secondary storage market, including data protection, test-dev, analytics, and object storage, which can account for up to 80 percent of a data center's data," he said. "HyperFlex and SimpliVity focus on primary workloads." #Google is also an investor via GV, formerly known as #GoogleVentures, Rogers said. Cohesity's technology is unique in that it acts as an on-ramp to the #GoogleCloud, as well as to #MicrosoftAzure and #AmazonWebservices, he said.
http://m.crn.com/news/storage/300084427/cohesity-raises-massive-90m-funding-round-intros-4th-gen-hyper-converged-platform.htm?itc=hp_ots