US-based data storage software provider Cohesity raised $250m in an oversubscribed series D round yesterday led by SoftBank Vision Fund, the investment vehicle managed by telecoms and internet conglomerate SoftBank.
The round featured Cisco Investments and Qualcomm Ventures, respective corporate venturing units of networking equipment manufacturer Cisco and mobile chipmaker Qualcomm, as well as enterprise technology company Hewlett Packard Enterprise (HPE).
Other investors in the round included Morgan Stanley Expansion Capital, the private equity arm of investment bank Morgan Stanley, as well as Artis Ventures, Battery Ventures, Sequoia Capital, Trinity Ventures and Wing Venture Capital.
Founded in 2013, Cohesity has created a web-scale software platform for enterprises to store, manage and protect externally-sourced data. The series D round follows the addition of more than 200 new clients in the past two quarters and annual revenue growth of 600%.
Cohesity was reported in April to be seeking at least $150m for its series D round. The company has now raised $410m in total equity funding.
GV, the early-stage investment arm of diversified conglomerate Alphabet, co-led a $90m series C round with Sequoia in April 2017, with support from Qualcomm Ventures, HPE, Cisco, Artis, Battery, Trinity, Foundation Capital, Accel, Wing Venture Capital and DHVC.
Cohesity emerged out of stealth in June 2015 revealing it had already raised series A and B rounds, with Qualcomm Ventures and Artis co-leading a $55m series B round in May 2015 that featured GV, Battery and Trinity. Sequoia had led a $15m series A round in 2013.