Cohesity reaches $2.5bn valuation after landing $250m funding round

Data management vendor Cohesity has landed an eye watering $250m in funding. The series E round, led by DFJ Growth, Foundation Capital, Greenspring Associates and Wing Venture Capital, has led Cohesity to claim it is now valued at $2.5bn. The vendor claims its valuation has doubled in the last 21 months, since its last series D funding round where it also raised $250m. It brings Cohesity's total funding to $650m and reflects the traction it is seeing in the market, it claims. "Closing...