Market Overview

Cohesity Increases Revenues 300 Percent in FY 2018 and Announces Massive Customer Growth as Enterprises Globally Embrace the Company's Hyperconverged Secondary Storage Platform


Revenues Nearly Quadruple Year-over-Year, Customer Acquisition
Increases Four-Fold Including Marquee Enterprise Customers AutoNation,
Beam Suntory, LendingClub, U.S. Department of Energy and WestLotto

Cohesity, the leader of hyperconverged
secondary storage
, today announced that its revenues from fiscal
year (FY) 2018, which closed on July 31, increased 300 percent
year-over-year. The company also announced that it quadrupled the size
of its customer base compared to the previous fiscal year. And, as the
year progressed, more and more customers embraced Cohesity's platform in
record numbers, with customer adoption accelerating 75 percent in the
fourth quarter compared to the third.

The company saw major customer adoption across a wide array of verticals
globally including financial services, healthcare, public sector, life
sciences, media and technology, telecommunications, and education. This
strong financial performance and customer momentum builds on the
company's outstanding results from the previous
and continues to validate the growing demand for Cohesity's
disruptive technology that consolidates complex legacy infrastructure
onto a single platform that is optimized to manage secondary data and
applications at web scale.

"As more and more companies struggle with mass data fragmentation,
customers globally are looking for a radically different approach to
solve this problem," said Mohit Aron, CEO and founder, Cohesity.
"Cohesity empowers customers to consolidate a patchwork of secondary
silos including backup, files and objects, test/dev, archiving,
analytics, and cloud with a platform that scales in a way no other
vendor can match. And with today's announcement of Cohesity
, we are empowering those customers to do more with their
data, providing new ways for organizations to generate value from their
untapped data while solving some of their biggest business challenges."

Momentous Customer Growth

  • Cohesity added numerous marquee enterprise customers in FY 2018,
    including Air Bud Entertainment, AutoNation, Beam Suntory, 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.
  • Enterprises are increasingly selecting Cohesity to fuel their hybrid
    cloud journey, with more than half of new deployments in the last
    fiscal year embracing Cohesity's technology that empowers companies to
    easily store, protect, and manage data and apps in the cloud.

Continued Innovation That Delivers Business Value

  • Cohesity's new SaaS-based management solution, Helios, builds on the Cohesity
    and empowers customers to see, manage, and take
    action on their secondary data and applications globally and to apply
    powerful analytics and machine learning (ML) capabilities to generate
    valuable insights from untapped data.
  • In February, Cohesity announced
    that it expanded the use of its platform to handle file and object
    storage. When combined with data protection and other critical
    capabilities on the same platform, customers can achieve dramatically
    lower infrastructure costs while simplifying data management -- a key
    reason a growing share of Cohesity customers, like Manhattan
    , chose Cohesity over competitors. In fact, more than 60
    percent of Cohesity's customers utilize Cohesity for file services in
    addition to the company's backup offerings.
  • Cohesity unveiled deeper integrations with AWS,
    , and Google
    , empowering enterprises to protect cloud-based applications
    and expand on-premises file and object sharing onto public cloud
    infrastructure. With AWS, Cohesity announced
    that it has achieved Amazon
    Web Services (AWS) Storage Competency status
    for its cloud storage
  • Organizations can now leverage the public cloud for faster application
    testing and development with automatic virtual machine (VM) conversion
    with Cohesity
    , announced in April.

Top-Tier Financial Backing for Rapid Growth

  • In June, Cohesity raised $250M in an oversubscribed Series
    D funding round
    led by the SoftBank Vision Fund with strong
    participation from strategic investors Cisco Investments, Hewlett
    Packard Enterprise (HPE), and Morgan Stanley Expansion Capital. This
    is only the second time SoftBank Investment Advisers has invested in
    an enterprise software company.
  • Cohesity has raised $410 million in total equity and continues to
    focus on large-scale global expansion, helping enterprises worldwide
    attack a problem that organizations currently spend an estimated $60
    billion each year to address using separate point solutions.

Channel / Partner Momentum

  • 81 percent of Cohesity's partners grew their business in excess of 100
    percent in FY 2018, while 75 percent of Cohesity's partners grew their
    business by more than 200 percent. Cohesity remains 100 percent
    channel focused.
  • Cohesity enhanced its partnerships with Cisco in FY 2018. Through this
    partnership, Cohesity has integrated its software on Cisco Unified
    Computing System (UCS), while also providing enterprise-class backup
    and recovery for applications running on Cisco HyperFlex.
  • Cohesity also continued to advance its partnership with HPE in FY
    2018, empowering more customers to take advantage of Cohesity's
    software on HPE ProLiant servers, simplifying secondary data
    infrastructure while making data more productive.

Recognition and Accolades from Industry Experts, Company Growth

For more information:

About Cohesity

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 and
federal agencies among its rapidly growing customer base and was named
to Forbes' "Next Billion-Dollar Startups 2017," LinkedIn's "Startups:
The 50 Industry Disruptors You Need to Know Now," and CRN's "2017
Emerging Vendors in Storage" lists. For more information, visit our
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