UPDATED 09:00 EDT / APRIL 11 2024

Cohesity's mobile data center, Cohesity on wheels SECURITY

Cohesity completes late-stage $150M funding from IBM and Nvidia, expands IBM partnership

Data management provider Cohesity Inc. today announced an extension of its relationship with International Business Machines Corp., including new funding, with an aim to accelerate the development of essential cyber resilience capabilities across hybrid cloud environments.

As part of the expanded relationship, Cohesity announced that it has completed its Series F round of venture capital, with IBM and Nvidia Corp. participating in the round. The amount that was invested was not disclosed in the press release, but the company confirmed it was $150 million. It had raised $805 million previously.

The expanded partnership between Cohesity and IBM is focused on dealing with data breaches. IBM will offer Cohesity capabilities through IBM Storage Defender, the company’s cyber resilience platform.

Cohesity’s collaboration with IBM brings Cohesity DataProtect into IBM’s Storage Defender to help joint customers protect, monitor, manage and recover data. DataProtect offers a secured backup and recovery solution designed to safeguard data against sophisticated cyberthreats. The service also offers comprehensive policy-based protection for cloud-native, software-as-a-service and traditional data sources, converging multiple-point products into a single multicloud platform deployed on-premises or consumed as a service.

“Data breaches continue to be one of the biggest threats organizations face to advancing business outcomes,” Ric Lewis, senior vice president of Infrastructure at IBM, said in a statement. “We’re excited to deepen our collaboration with Cohesity to bring clients innovative end-to-end software-defined solutions designed to increase their cyber resilience and help avoid business interruptions.”

IBM Storage Defender uses AI and event monitoring across multiple storage platforms to help protect organizational data layer from risks like ransomware, human error and sabotage. IBM Storage Defender is also expected to soon offer a cyber vault and clean room features with automated recovery functions designed to help companies restore business-critical data in hours or minutes from what used to take days.

“IBM is a powerful partner in the enterprise cloud and IT infrastructure market,” Cohesity Chief Executive Sanjay Poonen said ahead of the announcement. “They bring decades of expertise to our relationship, in addition to their investment in our business to help fund incremental research and development to offer customers even stronger cyber resilience.”

Poonen spoke with theCUBE, SiliconANGLE Media’s livestreaming studio, last year:

Photo: Cohesity

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