<ul><li>Data protection startup Cohesity has completed its merger with Veritas' enterprise data protection business, creating a single entity valued at $7 billion with 12,000 customers.</li><li>The merger was funded by a Series H round led by Haveli Investments, and the new entity has an annual recurring revenue of $1.5 billion.</li><li>Cohesity focused on Veritas' data business as a potential acquisition target due to its enterprise focus and differentiated customer base, and aims to consolidate the industry to save costs and innovate faster.</li><li>The combined company will continue to invest in both Cohesity's and Veritas' products, with a unified go-to-market strategy and focus on cross-selling to their existing customer bases.</li></ul>

Cohesity completes its merger with Veritas; here’s how they’ll integrate

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