Amazon Web Services (AWS) agreed to a data management partnership with Cohesity. As part of the agreement, Cohesity will analyze, manage, and protect the data of its customers using AWS.
- Prior to the agreement, Cohesity would design and sell its data management software to its business customers and let them run it themselves.
- Cohesity was founded in 2013 and has raised $650m in venture capital funding from investors such as SoftBank's Vision Fund and Sequoia Capital. Amazon participated in Cohesity's $250m Series E funding round earlier this year.
- Cohesity customers will now get access to different AWS services such as Amazon SageMaker, which allows software developers and data scientists to build machine learning models. They can also use Amazon Macie which uses machine learning to protect data. Cohesity currently has 2,000 business and government customers, including NASA.
- 35 trillion gigabytes of new data will be created in 2020. If AWS and Cohesity are able to offer data management as a service tool that's an extension of AWS, IT departments would be able to focus on building services for employees working remotely during the pandemic.
- The global database management system market generated $55b in revenue in 2019, up from $46b in 2018. Cloud service companies like AWS made up 30% of this revenue, up from 7% in 2016. Cloud services are expected to account for more than 50% of this market within the next three years.