Cohesity Overview
Pro stress-test →Cohesity is an AI-powered data security and management company that secures, protects, manages, and gets value from data — across the data center, edge, and cloud. The world's largest data protection software provider by market share, Cohesity serves over 12,000 customers – including over 85 of the Fortune 100 and nearly 70% of the Global 500.
Strategic Profile
Pro stress-test →On a pro forma adjusted basis for the fiscal year ending July 2024, the combined entity had revenue of over $1.7 billion, annual recurring revenue (ARR) of $1.5 billion, and a 28 percent adjusted cash EBITDA margin. After the merger with Veritas completed in December 2024, the combined entity now leads the highly fragmented industry with a 19% market share. The company is planning a potential IPO in 2026, potentially as early as "early next year."
Competitive Landscape
Pro stress-test →Cohesity ranks 5th amongst 898 active data protection competitors, of which 64 are funded. Primary direct competitors include Rubrik (public, $17B market cap), Commvault, and Veeam. Keepit recently raised $90M funding in July 2026, representing emerging competitive pressure in the cloud-native backup segment.
Industry Context
Cohesity operates in Data Security and Protection.
Key facts
Founded: 2013 · Headquarters: Santa Clara, US · Employees: 7,765 (as of June 30, 2026) · Revenue: $1.7B (pro forma adjusted FY2024 ending July 2024); ARR $1.5B · Market cap: Valued at $7B+ at December 2024 merger; IPO planned 2026 targeting $17B+ valuation