Funding round
Cohesity Series D
Cohesity, which works in data protection and management solutions in Santa Clara, raised $250M in a Series D round announced on 11 Jun 2018, led by SoftBank Vision Fund. 10 firms took part. It is Cohesity's third venture round on record; the one before was a Series C in Apr 2017.
$250M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Cohesity did not disclose a valuation in this round. It came 14 months after Cohesity's Series C. It is 8.6% of the $2.90B Cohesity has raised in the venture rounds on record. Cohesity raised again 22 months later: a Series E round of $250M in Apr 2020, at $2.50B post-money.
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 4 Apr 2017, led by GV and Sequoia Capital $90M
- Series D this round 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
SoftBank Vision Fund led the round with 9 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- backs 80 venture-backed companies new investor
- Hewlett Packard Enterprise new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- backs 73 venture-backed companies new investor
- Qualcomm Ventures backs 140 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 hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
96 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 5.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 5 Jun 2018 | $272M | not disclosed | YY Inc. |
| Tech Companies | 6 Jun 2018 | $93M | not disclosed | BlackRock Private Equity Partners |
| Tech Companies | 28 Jun 2018 | $60M | $600M | Warburg Pincus |
| Tech Companies | 14 Jun 2018 | $38M | not disclosed | Sequoia Capital and Shunwei Capital |
| Tech Companies | 28 Jun 2018 | $35M | not disclosed | Galaxy |
| Tech Companies | 31 May 2018 | $300M | $3.00B | Alibaba |
| ThoughtSpot Tech Companies | 8 May 2018 | $145M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 7 May 2018 | $125M | $725M | T. Rowe Price Associates, Inc. and Koch Disruptive Technologies |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Cohesity raise in its Series D round?
Cohesity raised $250M in its Series D round, announced in Jun 2018.
Who led Cohesity's Series D round?
SoftBank Vision Fund led it, with Cisco Investments, Hewlett Packard Enterprise, Morgan Stanley, Sequoia Capital and Artis Ventures and 4 more.
What was Cohesity's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
96 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 5.0 times the median.
Did Cohesity raise again after this round?
Yes: a Series E round in Apr 2020 of $250M at $2.50B post-money.