Cohesity announced a new company valuation of $3.7 billion, which is $1.2 billion higher than its valuation less than 12 months ago. The company saw significant year-over-year (YoY) growth in annual recurring revenues (ARR) The valuation was established in line with a $145 million tender offer made by investors to employees to sell a small portion of their equity for liquidity. This non-dilutive transaction was led by STEADFAST Capital Ventures and supported by a syndicate of new and existing investors.
Source: https://www.helpnetsecurity.com/2021/04/01/cohesity-valuation/