Recognition Underscores How Cohesity Is Leading the Charge in Empowering Enterprises to Solve Mass Data Fragmentation and Derive Insights From Their Data to Drive Competitive Advantage
CNBC Disruptor 50 Recognizes the Most Innovative Companies That Have the Potential to Upend Multibillion-Dollar Industries
San Jose, Calif. – May 15, 2019 – Cohesity, the leader of hyperconverged secondary storage, today announced it was named to the seventh annual CNBC Disruptor 50, underscoring how Cohesity is transforming the way enterprises backup, manage, and extract insights from their most important data.
The CNBC Disruptor 50 is a list of the most ambitious companies developing revolutionary new technology into scalable business models to create the next generation of great public companies. The CNBC Disruptor 50 was selected by CNBC and CNBC.com editorial staff using a proprietary blend of quantitative and qualitative information submitted by more than 1,200 nominated companies.
Cohesity, founded in 2013 with a bold vision to radically change how enterprises back up, manage, and gain powerful insights from their data, is paving the way for modern data management. The company is solving one of the biggest problems that organizations face – mass data fragmentation. Eighty percent of enterprise data sits in siloed infrastructure and is hard to protect, expensive to store, and impossible to manage. Cohesity unifies these vast arrays of data – including data used for backup and recovery, files and objects, archiving, testing and development, and analytics – with a unique web-scale platform based on a Google-like distributed file system.
Unique to Cohesity, organizations can also run Cohesity and third-party applications on this same platform to derive new insights, help ensure data is in compliance, and prevent ransomware attacks. By addressing mass data fragmentation, Cohesity unleashes new opportunities for organizations to make their data much more productive, which can lead to increased revenues and better customer experiences.
Cohesity has quadrupled the number of customers globally who are embracing its technology and has reported a 300 percent increase in revenues in one year. The company’s global workforce has more than tripled in the past year to more than 1,000 employees, and it has raised $410 million in investment funding from investors including the Softbank Vision Fund, Sequoia Capital, Cisco Investments, and Hewlett Packard Enterprise (HPE).
“We are proud to be recognized as one of the few companies disrupting their industries,” said Mohit Aron, CEO and co-founder, Cohesity. “We continue to drive innovation that empowers customers to solve mass data fragmentation challenges and get the most value out of their data. This innovation creates limitless possibilities for thousands of enterprises across virtually every industry around the world.”
In June 2018, Cohesity was awarded as Technology Pioneer by the World Economic Forum. Cohesity was selected for its potential to “transform society and industry” and “shape the Fourth Industrial Revolution.”
For the full list of CNBC Disruptor 50 companies, please visit CNBC.com/Disruptors.
Read Cohesity's announcement here: https://www.cohesity.com/press/cohesity-named-to-the-2019-cnbc-disruptor-50/