Jun
11
2018
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SoftBank Vision Fund leads $250M Series D for Cohesity’s hyperconverged data platform

San Jose-based Cohesity has closed an oversubscribed $250M Series D funding round led by SoftBank’s Vision Fund, bringing its total raised to date to $410M. The enterprise software company offers a hyperconverged data platform for storing and managing all the secondary data created outside of production apps.

In a press release today it notes this is only the second time SoftBank’s gigantic Vision Fund has invested in an enterprise software company. The fund, which is almost $100BN in size — without factoring in all the planned sequels, also led an investment in enterprise messaging company Slack back in September 2017 (also a $250M round).

Cohesity pioneered hyperconverged secondary storage as a first stepping stone on the path to a much larger transformation of enterprise infrastructure spanning public and private clouds. We believe that Cohesity’s web-scale Google-like approach, cloud-native architecture, and incredible simplicity is changing the business of IT in a fundamental way,” said Deep Nishar, senior managing partner at SoftBank Investment Advisers, in a supporting statement.

Also participating in the financing are Cohesity’s existing strategic investors Cisco Investments, Hewlett Packard Enterprise (HPE), and Morgan Stanley Expansion Capital, along with early investor Sequoia Capital and others.

The company says the investment will be put towards “large-scale global expansion” by selling more enterprises on the claimed cost and operational savings from consolidating multiple separate point solutions onto its hyperconverged platform. On the customer acquisition front it flags up support from its strategic investors, Cisco and HPE, to help it reach more enterprises.

Cohesity says it’s onboarded more than 200 new enterprise customers in the last two quarters — including Air Bud Entertainment, AutoNation, BC Oil and Gas Commission, Bungie, Harris Teeter, Hyatt, Kelly Services, LendingClub, Piedmont Healthcare, Schneider Electric, the San Francisco Giants, TCF Bank, the U.S. Department of Energy, the U.S. Air Force, and WestLotto — and says annual revenues grew 600% between 2016 and 2017.

In another supporting statement, CEO and founder Mohit Aron, added: “My vision has always been to provide enterprises with cloud-like simplicity for their many fragmented applications and data — backup, test and development, analytics, and more.

“Cohesity has built significant momentum and market share during the last 12 months and we are just getting started.”

Mar
28
2018
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Hewlett Packard Enterprise to move HQ to San Jose

Hewlett Packard Enterprise is moving from Palo Alto to San Jose. The company will relocate 1,000 employees to a 220,000-square-foot space in late 2018. HPE was spun-off from Hewlett-Packard in 2015 and is focused on servers and storage.

This news comes months after HPE announced a different plan in which the company was moving to Santa Clara, where Aruba Networks, a company it previously acquired, is headquartered.

HPE is going to occupy six floors in San Jose’s America Center, which is located near a forthcoming Berryessa BART station.

This move is the latest win for San Jose. Google recently announced it would move in the coming years. According to a report in The Mercury News, the city of San Jose did not offer HPE any financial incentives.

Sep
05
2017
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HPE scoops up Cloud Technology Partners to boost hybrid cloud consulting

 HPE has been mostly known in recent times for selling off pieces of its business, but it has quietly been on a little run this year buying up cloud companies in an attempt to build out a hybrid cloud business. Today, the company announced it was acquiring Cloud Technology Partners, a Boston-based cloud consulting firm. Terms of the deal were not disclosed. With CTP, HPE gets a consulting firm… Read More

Nov
16
2015
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Hewlett Packard Enterprise Places A Big Bet On Containers

hpe_container Hewlett Packard Enterprise (HPE) is launching a slew of updates and new products related to containers at Docker’s developer conference in Barcelona today. Together, all of these amount to a big bet on containers on HPE’s part. “We view containers as a disruptive technology,” HPE’s acting VP in charge of the company’s incubator partners and strategic… Read More

Oct
06
2014
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HP To Become Two Companies As Consumer PC And Printer Business Splits From Corporate Services

hp-split HP will indeed split itself into two companies, with its corporate hardware and services division becoming Hewlett-Packard Enterprise under CEO Meg Whitman, and HP Inc. becoming the PC and printing brand, with new initiatives like 3D printing spinning up, under Dion Weisler (Whitman remains as Chairman of the board for the consumer company, too). The company’s decision to split is part… Read More

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