SoftBank-Backed Cohesity Hits $200 Million Annual Sales Pace
- Data-storage company discloses limited financial metrics
- Cloud partnerships are helping bolster corporate demand
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Cohesity Inc., a data-storage company backed by SoftBank Group Corp., disclosed some of the sales-growth numbers that prompted Masayoshi Son’s Vision Fund to make a rare investment in enterprise technology.
The closely held company, whose software connects organizations’ various data backup systems, said it has reached an annual revenue run rate -- a calculation of the annual number based on the current level of sales -- of more than $200 million, compared with $100 million two quarters ago. Sales almost quadrupled in fiscal 2018, which ended July 31, the San Jose, California-based company said Tuesday in a statement.