Nvidia-Backed Cohesity Experienced 26% Revenue Growth
- Security startup filed confidentially for IPO in 2021
- Acquisition of data protection business is pending approval
This article is for subscribers only.
Data security and management startup Cohesity experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.
Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive in the fourth quarter of fiscal 2024.