Funding round
Cohesity Series F
Cohesity, which works in data protection and management solutions in Santa Clara, raised $150M in a Series F round announced on 11 Apr 2024, at a $7.00B post-money valuation. 2 firms took part, 2 of them already investors. It is Cohesity's sixth venture round on record; the one before was a Growth in Mar 2021.
$150M
Amount raised
$7.00B
Post-money valuation
2
Investors
no lead named
1.9x
Step-up from the Growth
$3.70B in Mar 2021
2.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cohesity at $7.00B after the new money, 1.9 times the $3.70B of its Growth (Mar 2021). The $150M bought investors about 2.1% of the company. It came 37 months after Cohesity's Growth. It is 5.2% of the $2.90B Cohesity has raised in the venture rounds on record. Cohesity raised again 8 months later: a Series H+ round of $2.00B in Dec 2024.
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 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 this round 11 Apr 2024 $150M$7.00B post-money
- Series H+ 10 Dec 2024 $2.00B
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- IBM existing investor
- NVIDIA existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
17 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Rippling Tech Companies | 22 Apr 2024 | $200M | $13.50B | not named |
| Tech Companies | 10 Apr 2024 | $130M | $900M | KKR |
| Tech Companies | 29 Mar 2024 | $55M | not disclosed | General Catalyst |
| Tech Companies | 1 Jun 2024 | $150M | $1.20B | Silver Lake Waterman |
| Clio Tech Companies | 23 Jul 2024 | $900M | $3.00B | New Enterprise Associates |
| Tech Companies | 8 Aug 2024 | undisclosed | not disclosed | Apax Partners |
| Tech Companies | 27 Sep 2024 | $90M | $1.46B | not named |
| Tech Companies | 10 Oct 2024 | $100M | not disclosed | Georgian |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Cohesity raise in its Series F round?
Cohesity raised $150M in its Series F round, announced in Apr 2024.
Which investors took part in Cohesity's Series F round?
IBM and NVIDIA.
What was Cohesity's valuation at the Series F round?
$7.00B post-money.
How does it compare with other Series F rounds in Tech Companies?
17 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median.
Did Cohesity raise again after this round?
Yes: a Series H+ round in Dec 2024 of $2.00B.