Venture Investing
Investing in Cohesity Stock | How to Buy Pre-IPO Shares
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Cohesity is a private data-security and data-management company focused on backup, recovery, cyber resilience, and artificial-intelligence-assisted enterprise data operations.
Cohesity completed its combination with Veritas’ enterprise data-protection business in December 2024. The combined company was valued at more than $7 billion, but that valuation and the transferred Veritas business should not be counted as new funding.
What Is Cohesity?
Cohesity was founded in 2013 by Mohit Aron. Its software helps enterprises protect, manage, and recover data across on-premises, cloud, and software-as-a-service environments.
Business Model and Key Products
The completed Veritas transaction expanded Cohesity’s customer base and product footprint. The company reported more than $1.7 billion in combined fiscal-2024 revenue and approximately $1.5 billion in annual recurring revenue at completion.
Cohesity Funding and Valuation History
Cohesity disclosed more than $660 million through Series E. Later Series F and Series H financings were announced without amounts; they are shown as undisclosed rather than converted to zero or estimated from the corporate transaction value.
Cohesity Selected Funding Events
Verified disclosed equity financing, USD millions; undisclosed rounds and the Veritas transaction are not estimated.
Verified Aug. 25, 2026
Through 2020 · $0–$300M
2024 · amounts undisclosed
| Date | Round / type | Funding Raised | Reported valuation | Selected investors | Source |
|---|---|---|---|---|---|
| Apr. 11, 2024 | Series F | Undisclosed | Not disclosed | IBM; NVIDIA; other investors | Cohesity |
| Apr. 9, 2020 | Series E | $250M | $2.5B | DFJ Growth; Foundation Capital; Greenspring; Wing; others | Cohesity |
| June 11, 2018 | Series D | $250M | Not disclosed | SoftBank Vision Fund; Sequoia Capital; Cisco Investments; others | Cohesity |
| Apr. 4, 2017 | Series C | More than $90M | Not disclosed | GV; Sequoia Capital; Artis Ventures; Qual<span class="sio-preipo__no-ticker">comm</span> Ventures; others | Cohesity |
| Through 2016 | Earlier equity financing | $70M aggregate | Not disclosed | Artis Ventures; Sequoia Capital; others | 451 Research |
| Dec. 10, 2024 | Series H and Veritas combination | Undisclosed | Combined company valued above $7B | Haveli Investments; existing investors | Cohesity |
Methodology: The disclosed funding total includes approximately $70 million through 2016, more than $90 million in Series C, $250 million in Series D, and $250 million in Series E. Series F and Series H amounts were not disclosed and are excluded from the total. The value of the Veritas business combination is not treated as capital raised.
Investment Case
The investment case depends on Cohesity integrating the Veritas business while sustaining growth, retention, security outcomes, and operating efficiency at a much larger scale.
Expanded Scale
The Veritas combination materially increased customers, revenue, data, and distribution.
Cyber Resilience Demand
Ransomware and data-recovery requirements support enterprise spending on backup and recovery.
Recurring Revenue
Subscription and support relationships can create durable revenue when retention remains strong.
Data and AI Opportunity
Protected enterprise data may support search, classification, governance, and AI-assisted operations.
Key Risks
Integration Risk
Combining products, teams, channels, and customers can create execution costs and churn.
Competition
Cohesity competes with large infrastructure vendors, cloud providers, and specialist backup companies.
Cybersecurity Risk
A security failure in data-protection software could cause severe reputational and financial damage.
Capital Structure
Undisclosed Series F and H terms limit visibility into dilution and preference rights.
Valuation
The more-than-$7-billion combined value is not a guaranteed exit price.
Liquidity and Transfer Risk
Private shares may require company consent and may be offered through fee-bearing vehicles.
How to Buy Cohesity Pre-IPO Shares
- Confirm that Cohesity remains private. Check for an SEC registration statement, a confirmed listing, or a material corporate transaction before pursuing private shares.
- Confirm your eligibility. Many late-stage secondary offerings use Regulation D and are limited to accredited investors. Individuals may qualify through net worth, income, or specified professional criteria.
- Find a live opportunity. Search registered private-market platforms or work with a qualified broker. A platform’s inclusion here does not mean it currently lists Cohesity.
- Review the security and vehicle. Determine whether the offer provides direct company shares or an interest in an SPV. Review share class, liquidation preferences, voting rights, information rights, and the investment manager.
- Evaluate price and fees. Compare the offered price and implied valuation with the latest financing while accounting for platform fees, carried interest, SPV expenses, and security rights.
- Review transfer and exit restrictions. Examine company consent requirements, rights of first refusal, holding periods, and what happens if an IPO or acquisition never occurs.
Accredited-investor criteria: Under current SEC criteria, an individual may qualify through net worth above $1 million excluding the primary residence; income above $200,000 individually or $300,000 with a spouse or partner in each of the prior two years with a reasonable expectation of the same; or certain professional criteria. Review the SEC criteria.
Where to Buy Cohesity Pre-IPO Shares
Availability on private marketplaces changes with seller supply, company transfer restrictions, jurisdiction, and investor eligibility. Always verify the live offering rather than assuming that Cohesity shares are available.
MicroVentures
MicroVentures facilitates primary and secondary private-company offerings. Eligibility, minimums, fees, investment structure, and availability vary by offering; Regulation D opportunities are limited to accredited investors.
View Available Private-Market Opportunities
Cohesity availability is not guaranteed. Review the specific offering documents before investing.
| Platform | Typical access model | What to verify |
|---|---|---|
| StartEngine Private | Late-stage private-company offerings | Current issuer availability, eligibility, minimum, fees, and vehicle structure |
| Forge Global | Private-company secondary marketplace and brokerage | Seller availability, accreditation, price, share class, and transaction costs |
| EquityZen | Private-company offerings that may use pooled vehicles | SPV terms, fees, minimum, economic rights, and transfer conditions |
| Rainmaker Securities | Broker-assisted private-company transactions | Security source, broker fees, settlement, and company approval |
| Hiive | Private-market bids, asks, and facilitated trades | Indicative versus executable pricing, fees, and transfer restrictions |
| EquityBee | Employee stock-option financing and related exposure | Contract structure, payoff terms, fees, and whether exposure is direct or indirect |
| Augment | Private-market transaction platform | Counterparty, price, share class, fees, and settlement terms |
Cohesity Valuation and IPO Outlook
Cohesity completed the Veritas enterprise data-protection combination on December 10, 2024 and announced a Series H led by Haveli Investments without disclosing the amount.
The company remains private. Any offer should be evaluated using post-combination revenue, retention, margins, integration progress, debt, share class, preference stack, fees, and transfer restrictions.
Investing in Cohesity Pre-IPO Shares | Conclusion
Cohesity offers exposure to enterprise data protection, cyber resilience, and data management at significantly expanded scale after the Veritas transaction.
The opportunity carries integration, competition, security, capital-structure, valuation, and liquidity risks. Investors should verify the exact security and current post-combination financials.
Explore other pre-IPO investment opportunities.
Primary and Supporting Sources
- Cohesity Veritas combination completion and Series H announcement
- Cohesity Series F and IBM investment announcement
- Cohesity Series E announcement
- Cohesity Series D announcement
- Cohesity Series C announcement
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Private securities can result in the loss of the entire investment and may remain illiquid indefinitely. Company and marketplace availability can change without notice. Verify all terms in the applicable offering documents and consult qualified professional advisers where appropriate.
