SoftBank Leads $250 Million Investment for Cohesity Data Storage
- Series D funding brings total equity raised to $410 million
- Other investors include Hewlett Packard Enterprise, Sequoia
Masayoshi Son speaks during a news conference in Tokyo, Japan, on May 9.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
SoftBank Group Corp.’s Vision Fund led a $250 million investment in Cohesity Inc. to help the California-based data-storage company expand globally.
The funding round, which also included Cisco Investments, Hewlett Packard Enterprise Co., Morgan Stanley Expansion Capital and Sequoia Capital, brings Cohesity’s total equity raised to $410 million, surpassing all other Series D enterprise investments in the U.S. in the last 18 months, according to a company statement Monday. The funding marks just the second instance of SoftBank investing in a company focused on enterprise software, Cohesity said.