How much is Cohesity worth?

New Valuation Follows a Record-Breaking Quarter with Strong Growth in Annual Recurring Revenues, New Account Wins, and Customers Topping $5M in Lifetime Spend San Jose, Calif. – March 30, 2021 – Cohesity today announced a new company valuation of $3.7 billion, which is $1.2 billion higher than its valuation less than 12 months ago.

Is Cohesity a good cloud company?

Cohesity was the only Customers’ Choice vendor recognized in the following categories: Global Enterprises, Healthcare, and Services industries. Cloud leadership: In February, CRN named Cohesity one of its 100 Coolest Cloud Companies for 2021 for the second year in a row.

How does Cohesity work?

] Cohesity provides a unified view and access into corporate data by converging secondary data, such as system backups and analytics, and connecting these across the public cloud, private cloud, or storage hardware into one unified view. The company said secondary data accounts for up to 80 percent of total enterprise data.

What is Cohesity's growth rate?

Strong net expansion rate: Cohesity’s net expansion rate — or the rate of expansion net of churn from existing customers over the last year — continues to exceed 130 percent, a benchmark for leading subscription/SaaS companies. This means that ARR from Cohesity’s existing customer set grew over 30 percent over the last 12 months.