Cohesity Receives Investment From IBM

Funding Rounds

▤ Summary

Cohesity, a San Jose, CA-based AI-powered data security and management company, received an investment from IBM. Led by CEO and President Sanjay Poonen, Cohesity specializes in AI-powered data security and management. The company helps organizations defend against cybersecurity threats with comprehensive data security and management capabilities, including immutable backup snapshots, AI-based threat detection, monitoring for malicious behavior, and rapid recovery at scale. Commenting on the news, Sanjay Poonen said: “IBM is a powerful partner in the enterprise cloud and IT infrastructure market. They bring decades of expertise to our relationship, in addition to their investment in our business to help fund incremental research and development to offer customers even stronger cyber resilience.”

$ Funding

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Amount - Total raised
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Date April 11, 2024 Announcement date
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Investors IBM Lead investors
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Company - Funded company

▥ Classifications

industries
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applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Enterprise Software SaaS Data Streaming Platforms

▦ Linked Companies

IBM
$1B+