How much is Cohesity worth 2021?

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. This dramatic growth in valuation continues to validate the incredible trajectory and momentum Cohesity is seeing as the modern multicloud data management company.

How much is Cohesity worth?

Valued at $3.7 billion when it allowed employees to sell shares to investors on the secondary market in March 2021, Cohesity hoped that year that its public debut would give the company an at least $5 billion valuation — and maybe as much as $10 billion, sources told Bloomberg.

How did Cohesity get a $145 million valuation?

The valuation was established in line with a $145 million tender offer made by investors to Cohesity employees who want the option to sell a small portion of their equity for liquidity. This non-dilutive transaction was led by STEADFAST Capital Ventures and supported by a syndicate of new and existing investors, including Premji Invest.