32. Cohesity

Better backup in the cloud

Founders: Mohit Aron
CEO: Mohit Aron
Launched: 2013
Headquarters: San Jose, CA
$410 million
Valuation: $1.1 billion (PitchBook)
Key Technologies:
Cloud computing, Machine learning
Cloud computing, data centers, data storage

George Kavallines | CNBC

There are entrepreneurs who struggle to start one successful company. Mohit Aron has launched two. He took a job at Google when it was just starting out and sold the shares he was given for a sizeable sum. Rather than relax, he used the money to help co-found Nutanix, a cloud computing software company that went public in 2016. That's when he began working on his second startup—Cohesity.

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The San Jose-based firm empowers companies to back up, manage, store, and tease out insights from their data and apps. So far, it's raised more than $400 million from investors such as Sequoia Capital, Cisco Investments, and SoftBank Vision Fund. The company is already valued at more than $1 billion.

Like Nutanix, Cohesity is bringing the concept of hyperconvergence to the data center. It's just focusing on the part that's known as secondary storage—the backups, analytics, and archival information. In January, it launched the Cohesity Anti-Ransomware Solution which offers a broad set of capabilities to prevent, detect, and respond to ransomware attacks, among the biggest security threats companies face today.

It looks like Aron has hit another start-up homerun with Cohesity. The company says it has quadrupled the size of its customer base and saw a 300% increase in revenues in fiscal year 2018. Last year it was also selected by the World Economic Forum as a Technology Pioneer for its ability to "transform society and industry" and "share the fourth industrial revolution." Former Pioneer recipients include Google, Twitter, and Airbnb.

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