Funding round
Cohesity Series C
Cohesity, which works in data protection and management solutions in Santa Clara, raised $90M in a Series C round announced on 4 Apr 2017, led by GV and Sequoia Capital. 12 firms took part. It is Cohesity's second venture round on record; the one before was a Series A in Jul 2015.
$90M
Amount raised
Not disclosed
Post-money valuation
12
Investors
2 leads
Valuation
What this round says about the price
Cohesity did not disclose a valuation in this round. It came 21 months after Cohesity's Series A. It is 3.1% of the $2.90B Cohesity has raised in the venture rounds on record. Cohesity raised again 14 months later: a Series D round of $250M in Jun 2018. Its next priced round, a Series E in Apr 2020, valued it at $2.50B.
Cohesity's funding rounds
Cohesity has 7 venture rounds on record. This one is highlighted.
- Series A 29 Jul 2015, led by Sequoia Capital and Wing Venture Capital $15M
- Series C this round 4 Apr 2017, led by GV and Sequoia Capital $90M
- Series D 11 Jun 2018, led by SoftBank Vision Fund $250M
- Series E 9 Apr 2020, led by DFJ Growth, Foundation Capital and Greenspring Associates $250M$2.50B post-money
- Growth 30 Mar 2021, led by Steadfast Capital Management $145M$3.70B post-money
- Series F 11 Apr 2024 $150M$7.00B post-money
- Series H+ 10 Dec 2024 $2.00B
Investors
Who put money in
GV and Sequoia Capital led the round with 10 other firms.
Lead investors
- GV backs 428 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- backs 80 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- Accel backs 581 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- DHVC (formerly Danhua Capital) new investor
- Foundation Capital backs 144 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
- backs 73 venture-backed companies new investor
- backs 96 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
160 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Branch Tech Companies | 12 Apr 2017 | $60M | not disclosed | Playground |
| Tech Companies | 18 Apr 2017 | $40M | not disclosed | New Enterprise Associates and Sapphire Ventures |
| Tech Companies | 20 Apr 2017 | $36M | $235M | GGV Capital |
| Tech Companies | 4 Apr 2017 | $30M | not disclosed | NLVC |
| Tech Companies | 26 Apr 2017 | $27M | not disclosed | Coatue |
| Tech Companies | 11 Apr 2017 | $21M | not disclosed | M12 |
| Tech Companies | 4 Apr 2017 | $15M | not disclosed | Battery Ventures |
| Tech Companies | 5 Apr 2017 | undisclosed | $50M | Korea Investment Financial Holding |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Cohesity raise in its Series C round?
Cohesity raised $90M in its Series C round, announced in Apr 2017.
Who led Cohesity's Series C round?
GV and Sequoia Capital led it, with Cisco Investments, HPE Growth, Accel, Artis Ventures and Battery Ventures and 5 more.
What was Cohesity's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
160 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.0 times the median.
Did Cohesity raise again after this round?
Yes: a Series D round in Jun 2018 of $250M.