Nvidia-backed Cohesity eyes 2026 IPO with valuation rivaling $17 billion Rubrik

Sanjay Poonen, CEO of Cohesity is the former COO of VMware and President of SAP.Data security firm Cohesity is eyeing a potential initial public offering in 2026 with ambitions to achieve a valuation that rivals its publicly traded $17-billion peer Rubrik.The move would mark an important milestone for Nvidia-backed Cohesity, which shelved IPO plans in 2021 to first execute a complex merger with its rival Veritas' data protection unit, according to Cohesity CEO Sanjay Poonen.That deal, which made the company ...