Deals
SoftBank-Backed Cohesity Valued in Share Sale at $3.7 Billion
- Data management business launches $145 million tender offer
- SoftBank Vision Fund doubling down on Cohesity investment
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Data management business Cohesity Inc., backed by SoftBank Vision Fund, said it’s now valued at $3.7 billion, up from $2.5 billion last year.
The valuation was ascertained as part of a tender offer by investors for employee shares expected to total about $145 million, Cohesity founder and Chief Executive Officer Mohit Aron said in an interview. The investment is being led by Steadfast Capital Ventures, with participation from existing investors, including SoftBank Vision Fund, DFJ Growth, Foundation Capital and Wing Venture Capital.