Nvidia-Backed Cohesity Is Profitable, With 26% Revenue Growth

Data security and management startup Cohesity is profitable and experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.

Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive.

The company is also in the midst of acquiring the data protection business of Veritas Technologies, a deal announced earlier this year. The combined company would be valued at $7 ...