We’re excited to announce today our leading of Cohesity’s Series B funding with our friends at Qualcomm Ventures. We believe Cohesity’s web-scale experience and hyper-converged approach are uniquely positioned to radically simplify and redefine the entire backup and recovery markets – an opportunity which IDC estimates at nearly a $50 billion this year. In the same way that Cohesity’s Founder and CEO Mohit Aron transformed primary storage environments with a software-defined approach at Nutanix, we see an even larger opportunity with this web-scale approach now squarely centered on secondary storage environments. We’re excited to support Mohit and Cohesity as we build on our experience backing accomplished teams in enterprise storage, networking, and cybersecurity including Nimble Storage, Data Domain, Aruba Networks, Bracket Computing and Versa Networks.

Read the full announcement at Techcrunch.