PRESS RELEASE
SAN JOSE, Calif. – April 11, 2024 – Cohesity at the moment introduced a deepening of its cyber resilience collaboration with IBM. The improved relationship will speed up the event of important cyber resilience capabilities to deal with organizations’ essential want for elevated information safety and resilience throughout hybrid cloud environments. With this announcement, Cohesity completes its Sequence F financing, with IBM becoming a member of NVIDIA as a strategic investor.
The latest Price of a Knowledge Breach report sponsored by IBM Safety reveals the worldwide common price of a knowledge breach in 2023 was $4.45 million, a 15% improve over the earlier three years. To assist purchasers sort out this concern head-on, IBM has delivered Cohesity capabilities into IBM’s end-to-end cyber resilience platform, IBM Storage Defender, strengthening our clients’ potential to recuperate from information breaches and cyber-attacks.
“IBM is a strong companion within the enterprise cloud and IT infrastructure market. They bring about many years of experience to our relationship, along with their funding in our enterprise to assist fund incremental analysis and improvement to supply clients even stronger cyber resilience,” stated Sanjay Poonen, CEO and President, Cohesity. “We’re thrilled that IBM is working with us as we proceed to assist mixed clients detect threats quickly and preserve operations throughout an assault to keep away from enterprise interruptions.”
“Knowledge breaches proceed to be one of many largest threats organizations face to advancing enterprise outcomes,” stated Ric Lewis, SVP, Infrastructure at IBM. “We’re excited to deepen our collaboration with Cohesity to carry purchasers modern end-to-end software-defined options designed to extend their cyber resilience and assist keep away from enterprise interruptions.”
Cohesity’s collaboration with IBM has introduced Cohesity DataProtect along with IBM’s Storage Defender Answer to assist their joint clients shield, monitor, handle, and recuperate information. Cohesity DataProtect is a high-performance, secured backup and restoration resolution. It’s designed to safeguard your information towards refined cyber threats and affords complete policy-based safety in your cloud-native, SaaS, and conventional information sources. DataProtect converges multiple-point merchandise right into a single multicloud platform deployed on-premises or consumed as a service.
IBM Storage Defender leverages AI and occasion monitoring throughout a number of storage platforms by a single pane of glass to assist shield organizations’ information layer from dangers like ransomware, human error, and sabotage. Moreover, IBM Storage Defender is anticipated to incorporate a cyber vault and clear room options with automated restoration features designed to assist firms restore business-critical information in hours or minutes from what used to take days.
Statements concerning IBM’s or Cohesity’s future route and intent are topic to vary or withdrawal with out discover and signify targets and aims solely.
About Cohesity
Cohesity is a frontrunner in AI-powered information safety and administration. Aided by an in depth ecosystem of companions, Cohesity makes it simpler to safe, shield, handle, and get worth from information – throughout the information middle, edge, and cloud. Cohesity helps organizations defend towards cybersecurity threats with complete information safety and administration capabilities, together with immutable backup snapshots, AI-based risk detection, monitoring for malicious habits, and fast restoration at scale. Cohesity options could be delivered as a service, self-managed, or supplied by a Cohesity-powered companion. Cohesity is headquartered in San Jose, CA, and is trusted by the world’s largest enterprises, together with 44 of the Fortune 100.
