Forbes Names Cohesity to Annual ‘Next Billion-Dollar Startups 2017’ List
Santa Clara, Calif. – Sept. 27, 2017 – Cohesity, the pioneer of hyperconverged secondary storage, today has been named to Forbes’ third annual “Next Billion-Dollar Startups 2017” list. Cohesity joins an elite list of 25 young, U.S. companies that Forbes and its review team believe will be one of the next companies to achieve a $1 billion valuation.
“Cohesity is honored to rank on Forbes’ 2017 list of the 25 ‘Next Billion-Dollar Startups,’” said Patrick Rogers, head of marketing and product at Cohesity. “We are pleased that Forbes editors and their venture capital partners deemed our strategies, customer momentum, and competitive position worthy of inclusion on their top 25 list.”
Estimates show more than 80 percent of enterprise data consists of secondary data: backups, files, objects, test/dev copies, and analytics data. Enterprises have traditionally struggled to manage the rapidly increasing volume of secondary data stored across a multitude of legacy storage solutions, which are built to handle one specific use case each. These point solutions result in complex storage silos that are difficult to manage, costly, and cannot scale to keep pace with accelerating data growth. With Cohesity, enterprises have the power to consolidate all secondary storage services on a unified, web-scale platform that extends across private, public, and government clouds. The solution is easily administered through a single user interface and can expand or contract to fit the company’s needs at any given moment.
The full 2017 Next Billion-Dollar Startups List is available online here, and will be featured in the print edition of Forbes on Oct. 24, 2017. Regarding methodology, Forbes worked with TrueBridge Capital Partners and requested nominations from nearly 200 venture firms and their portfolio companies. Criteria included revenue numbers, most recent valuations, investor rosters, customer data and outlines of business models and growth trajectory. Finalists were subject to further research, analysis and interviews with founders, investors, customers and competitors.
Cohesity makes your data work for you by consolidating secondary storage silos onto a hyperconverged, web-scale data platform that spans both private and public clouds. Enterprise customers begin by radically streamlining their backup and data protection, then converge file and object services, test/dev instances and analytic functions to provide a global data store. Cohesity counts many Global 1000 companies among its rapidly growing customer base. CRN named Cohesity a Top 25 Disrupter and one of the 10 Coolest Hyperconverged Products of 2016. For more information, visit www.cohesity.com and follow @cohesity on Twitter.