Forbes Names Cohesity to Annual ‘Next Billion-Dollar Startups 2017’ List

October 3, 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.

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