SA国际传媒

Data storage startup has raised $250 million in funding, more than doubling its valuation to $2.5 billion.

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The new round was led by , , and , according to a statement from the company. Previous investors including Sequoia Capital and SoftBank Vision Fund 1 also participated in the round, as did others.

鈥淐losing a major funding round during these times of economic uncertainty is testament to the promise that our investors see in Cohesity,鈥� CEO Mohit Aron said in a statement. 鈥淢ore enterprises globally are abandoning legacy offerings in favor of our modern, software-defined approach to data management that is incredibly simple to use鈥攃ritical during these challenging times as customers are looking to reduce total cost of ownership while enabling remote IT teams.鈥�

The company, which gets rid of data fragmentation by consolidating data onto a single platform,聽 counts Wendy鈥檚, the San Francisco Giants and LendingClub as customers, according to the company鈥檚 website.

Total funding for the company now comes to more than $650 million. It last raised $250 million for its Series D in June 2018, according to SA国际传媒, with as the lead investor.

The funding comes after Cohesity saw rapid customer and revenue growth in the first half of fiscal year 2020. Compared to the first half of fiscal year 2019 (August 2018 through January 2019), Cohesity has seen its recurring revenue increase by 150 percent and its customers and data under management increase by 100 percent, according to a statement from Cohesity.

Cohesity鈥檚 other backers include and , according to SA国际传媒 data.

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