Leadership Additions to Fuel Next Stage of Growth and Public Company Readiness, as Company Executes Plan Towards Reaching Positive Quarterly Cash Flow in Fiscal Year 2024.

Independent Research Firm IDC Confirms Company Growth Outpaces Competition

Cohesity, a leader in data security and management, today announced the appointment of Eric Brown as Chief Financial Officer and Srinivasan Murari as Chief Development Officer.

Brown, who is an experienced public company CFO with over 25 years of proven operational experience and skills in helping companies scale, will manage Cohesity’s financial strategy as it expands its multicloud portfolio for data protection, redefines AI-powered data security and data management, and continues on the path to profitable long-term growth. His industry experiences include a range of enterprise technology markets, including security, data analytics, data management, collaboration, and interactive entertainment. In 2021, Brown led Informatica’s initial public offering as CFO, raising $1B in proceeds at a $10B enterprise value. Prior to that, he served in several public company CFO roles, including Electronic Arts, McAfee, and Polycom. Brown is a technology enthusiast, his passion dates back to his MIT days when he co-founded an AI/data mining company with his classmates.

Murari, who is a visionary technology executive with over 35 years of experience building world-class products and services in cloud and enterprise technologies, will be responsible for Cohesity’s engineering and R&D teams as they continue to innovate across AI, security, and multicloud. He most recently served as vice president of Engineering at Google Cloud, where he was responsible for the productivity of approximately 20,000 software engineers encompassing compute, storage, networking, security, databases, analytics, AI/ML, Kubernetes, serverless, cloud console, platforms, and fleet management. Before Google, Murari served as SVP of Engineering at VMware, leading teams across the company’s Storage and Availability, vSphere, and ESX portfolios, and brings deep experience in Compute and Storage across multicloud environments.

“The scale and growth Cohesity has achieved is a testament to the tremendous value its AI-powered data management and security innovations bring to organizations. My role is to ensure the company has the best financial framework for sustainable, profitable growth and leverage my experience to make Cohesity public company-ready,” said Brown. “I’m honored to join Sanjay and the talented team he has put together as we continue on a course toward sustainable, profitable growth.”

“Cohesity is a phenomenal customer-focused company driven by groundbreaking innovation, talented employees, strong leadership, and deep cultural values,” said Murari. “I am excited to work with Cohesity’s talented leadership team to continue to deliver industry-leading solutions that can help organizations radically simplify data management, improve their security postures in the face of sophisticated cyberattacks, provide AI-powered insights, and do more with data — their most valuable digital asset.”

These new appointments round out leadership changes made in June, expanding roles of key talent:

• Amith Nair, who has been pivotal in leading the company’s cloud initiatives, now leads the global marketing organization as senior vice president of Marketing. He was previously in leadership roles at HashiCorp and Microsoft.
• Rebecca Adams, who has been serving as the CxO chief of staff, has taken on an expanded role as senior vice president of People & Places. She was previously in leadership roles at VMware.
• Elad Horn, group vice president of Product, now joins the executive team and reports directly to the CEO. He was previously in leadership roles at Proofpoint.
• Tonya Chin, who has been leading the Investor Relations function, has taken on an expanded role as group vice president, Corporate Communications and Investor Relations. She was previously in leadership roles at Nutanix.

These leadership changes mark the beginning of a significant milestone in Cohesity’s history, as the company has made a strategic shift in pursuit of a sustainable growth model that prioritizes positive cash flow from operations. With this plan in place, the company expects to reach positive cash flow within Fiscal Year 2024 (August 1, 2023 – July 31, 2024) while preserving a healthy cash position.

“Cohesity’s business continues to be strong. Our industry-leading growth has been validated by the most influential industry analysts. We are growing in the enterprise and are significantly expanding our data security and Generative AI technologies while steadfastly advancing the number and depth of our strategic partnerships,” said Sanjay Poonen, CEO and President of Cohesity. “All of our key metrics indicate we are building a category leader with a focus on public readiness. We are taking share in our market by top-line growth while also aiming to become cash flow positive within our current fiscal year. Eric and Murari are well-respected talents in their areas of expertise who, along with our other leadership appointments, bolster our executive team to be one of the best in our category and position us well for our plans to become public.”

IDC ranks Cohesity as the fastest growing of the top 25 largest players in Data Replication and Protection Software Market in 2022

Cohesity has a unique position in a market with sustainable, high growth potential, as security, cloud, and AI have become mission-critical imperatives in nearly every board room and organization. Industries worldwide must secure and manage data in a world of increasing cyberattacks, including ransomware. At the same time, business leaders require faster and deeper insights into data that helps them make better decisions.

According to IDC’s Semiannual Software Tracker, Data Replication and Protection Software, Cohesity had the fastest worldwide year-over-year revenue growth among the Data Replication and Protection Software market’s top 25 largest competitors in calendar 2022 ¹.

Cohesity’s industry-leading growth is strong evidence that enterprise customers continue to select Cohesity over its competitors to replace legacy and point solutions. Today, eight of the top twenty banks in the U.S., six of the Fortune top ten, and 40 of the Fortune 100 have adopted Cohesity solutions.

Starbox Group Holdings Ltd. , a service provider of cash rebates, digital advertising, and payment solutions, is excited to announce the new image-to-image processing technology (the “Technology”), an important addition to the core functions of the Company’s artificial intelligence-generated content (AIGC) engine’s StarboxAI – ImPro module. This innovative feature of the Technology is expected to enable users to create multiple design variations and iterations of the output image, elevating the design experience for both non-designers and professionals.

Following the successful integration of its AI content creation engine supporting graphics, Starbox continues to facilitate creativity in the design industry. As a core function of the StarboxAI – ImPro module, the Technology leverages advanced deep learning models and capabilities of the AIGC engine, which allows users to upload an input image and create high-quality variations, iterate designs, and even customize outputs to align with their marketing or promotional needs.

The Technology also enables users who seek to create attractive visuals, without requiring any specialized design skills. For professionals in the design industry, the Technology may assist them in creating content by offering rapid prototyping, exploration of design alternatives, and offering sophisticated refinement of visual assets to provide high-quality materials to the market at an efficient pace.

Mr. Lee Choon Wooi, Chairman and Chief Executive Officer of Starbox Group, shared his excitement: “This innovation is expected to mark a new era in AI-powered design. The Technology within our StarboxAI - ImPro module may be of particular use to the design industry, by offering increased efficiency for the creation of content and providing customized solutions to users. We anticipate that the Technology can be an invaluable tool for businesses, marketing agencies, and individuals seeking to create compelling visuals that resonate with their audiences.”

The Starbox AIGC engine's Technology is part of the core functions of the “StarboxAI – ImPro Module” product series and is available for immediate use by customers across Southeast Asia.

Cutting-Edge Platform Allows Engineers to Automate Access to Data Infrastructure

Abbey Labs, an innovator in identity and access management (IAM), today announced the release of its Access Governance platform into Public Beta. The platform enhances security and reduces compliance costs by allowing engineers to use the product to scale and automate the access process. And teams with up to 20 users can try it free forever.

When Abbey launched its private alpha, they met James Flowers, the Head of DevSecOps at Extend. As a fintech company partnering with heavily regulated financial institutions, Extend knew enforcing least privilege was not only a necessity from a security perspective, but also critical for compliance.

Extend had an immediate challenge: engineers periodically needed break glass access to production databases. Given the urgent nature of those requests, James needed automation so that people on his DevSecOps team weren’t a gate to access. The Extend team deployed a Grant Kit in a matter of hours, providing a centralized mechanism for engineers to request access and for compliance to approve.

After a successful deployment, James shared, “Working with the Abbey Labs team was smooth and easy. Implementation was simple, and rather than deploying yet another tool, we enriched our existing Terraform deployment and attained the secure access we needed.” He adds, “Adding Automatic Revocation logic to our infra management improved processes and created centralized identities across multiple integrations. Abbey Labs has been an excellent partner for access management.”

“Jeff and I co-founded Abbey Labs because we experienced firsthand at Okta, Netflix and Stripe the struggles customers faced when granting granular permissions to their employees,” said Arvil Nagpal, Co-Founder and CEO. “We built a solution that takes the complexity out of access management, and after working successfully with a small number of customers in a private alpha release, we’re ready to release our platform broadly into public beta to address the needs of additional customers facing the same challenges.”

The Abbey Labs Beta Includes:

• Teams with less than 20 users are free. $20 per user/month for larger teams.
• Unlimited integrations via a vast library of databases, clouds, and identity providers
• Unlimited resources (tables, datasets, roles, groups, etc.)
• Unlimited access requests and approvals
• Automated logging of all access changes to your Version Control System (GitHub, GitLab)
• Real-time access revocation
• Dedicated onboarding assistance
• Support via Slack and email

Abbey Labs also recently entered into a partnership with HashiCorp, aimed at co-developing and co-marketing Abbey’s platform for HashiCorp’s clients to extend their Infrastructure as Code (IaC) capabilities and allow security teams to automate and secure which employees can access sensitive data.

This announcement comes on the heels of Abbey Labs’ $5.25 million seed round led by Point72 Ventures with participation from Haystack, Essence Ventures, and angels across the security, infrastructure, and data verticals, including Emilio Escobar (CISO of Datadog), Harold Gimenez (SVP of Engineering at HashiCorp), and Pete Soderling (Founder of Data Council).

Elevondata Labs Inc., a leading provider of advanced IT solutions, today announced a strategic alliance with Xerox to become a reseller of the highly acclaimed DocuShare content management platform solution (ECM/CSP).

The relationship will allow Elevondata to offer its clients in the U.S., U.K., and India an innovative solution set that streamlines business processes, automates workflows, and supports digital transformation initiatives. The company will deliver and support solution instances for Xerox and Elevondata clients and leverage its Managed Cloud Services offering to support the installation, setup and ongoing maintenance of the cloud platforms utilized by DocuShare.

"We are excited to work with Xerox to expand our offerings and provide the DocuShare solution for clients' and future clients' content-heavy pain points," said Rohit Tandon, founder, and CEO of Elevondata. "This collaboration enables us to offer a cutting-edge platform that will revolutionize their content management processes and drive digital transformation across their organizations."

A mobile, intuitive and cloud-enabled content management platform that can be deployed onsite for greater IT control or via a secure private cloud for enhanced mobility, DocuShare offers robust tools to help organizations improve efficiencies, increase employee and business productivity, and empower growth at lower operational costs.

"Despite advances in digital tools, too many organizations continue to rely on paper and labor-intensive processes that can get in the way of growth," said Jeremy Lukovich, Xerox Global VP of Content Management. "Our relationship with Elevondata will help us accelerate DocuShare customer onboarding with simpler, streamlined deployment, support, and training offerings. Together, we can help organizations of all shapes and sizes do business better."

Automation Anywhere recognized for Completeness of Vision and Ability to Execute

Automation Anywhere, a leader in AI-powered automation solutions, today announced that Gartner named it a Leader for the fifth consecutive year in the July 2023 Magic Quadrant for Automation. Automation Anywhere was recognized as a Leader for its Completeness of Vision and Ability to Execute.

Automation Anywhere was previously named a Leader in the 2019 through 2022 Gartner Magic Quadrants for Robotic Process Automation. And as part of its drive to innovate rapidly, the company recently launched its first set of innovations that integrate generative AI into its Automation Success Platform. These solutions safely and securely put generative AI into action across enterprise applications, documents, business teams and developers to boost productivity throughout an organization.

"AI is at the core of Automation Anywhere's DNA, and we're moving fast to deliver intelligent automation solutions that help companies bridge the significant productivity gaps they face," said Adi Kuruganti, Chief Product Officer, Automation Anywhere. "We're helping our customers integrate generative AI capabilities into automation efforts across their organizations. We will continue delivering intelligent automation solutions that empower businesses to greatly increase productivity, improve customer service and accelerate their growth."

A Gartner Magic Quadrant is a culmination of research in specific markets, giving you a wide-angle view of the relative positions of the market's competitors. A Magic Quadrant provides a graphical competitive positioning of four types of technology providers, in markets where growth is high and provider differentiation is distinct: Leaders execute well against their current vision and are well positioned for tomorrow; Visionaries understand where the market is going or have a vision for changing market rules, but do not yet execute well; Niche Players focus successfully on a small segment, or are unfocused and do not out-innovate or outperform others; Challengers execute well today or may dominate a large segment, but do not demonstrate an understanding of market direction.

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Former GoTo CMO and Salesforce executive tapped to lead global marketing strategy

Klaviyo, a marketing automation and customer data platform that drives revenue growth for businesses of all sizes, today announced that Jamie Domenici has joined the company as its Chief Marketing Officer. Reporting to president Steve Rowland, Jamie will lead all of Klaviyo’s global strategic marketing initiatives including brand management, communications, content, product marketing and performance marketing.

Jamie joins Klaviyo from GoTo where, as CMO, she led a company-wide transformation through the rebranding from LogmeIn to GoTo. She also played a key role in evolving the go-to-market strategy, revitalizing the eCommerce and PLG businesses and establishing marketing infrastructure best practices. Prior to her role at GoTo, Jamie held various roles across marketing and customer success during her decade at Salesforce.

“As both an enterprise and SMB marketer, I know firsthand how complex the data landscape has become – and that personalized experiences help businesses win and scale,” said Jamie Domenici, CMO of Klaviyo. “Klaviyo has built a modern and intuitive platform to help do exactly that. I’m so excited to work for a customer-first company, filled with ambitious and passionate people who want to help creators and businesses grow. I’m looking forward to being part of this journey.”

“Jamie’s proven track record at companies like GoTo and Salesforce solidify her position as a visionary marketing strategist and force in driving transformative growth for industry-leading organizations,” said Steve Rowland, president of Klaviyo. “But beyond that, Jamie is a builder. I’m confident that not only will she help Klaviyo build a world-class marketing organization that inspires our customers and partners, she’ll also inspire all Klaviyos as we continue on our mission to help creators own their destiny.”

Sensedia, a global leader in delivering API solutions for companies adopting AI through a more digital, connected, and open strategy, today announced an exciting and information presentation from Cyrano.ai’s Founder and CEO, Scott Sandland, featuring Sensedia’s API platform integration with an ethical AI component.

Sensedia is an exhibitor and platinum sponsor of Ai4’s Ethical AI track, where Sandland will present The Intersection Of APIs And LLMs: Customization Unlocking New Risks And Possibilities, Tuesday, August 8, 2023, from 3:35 PM to 3:55 PM PT, in Room 360.

Cyrano.ai is a groundbreaking AI-powered interaction platform that recognizes and responds to the nuances of a conversation based on user input. The AI technology company built a system that pays attention to people as humans do: recognizing their values, priorities, learning style, and commitment. With a foundation in Language Learning Models (LLMs) and a unique API-First approach using Sensedia’s platform and expertise, Cyrano.ai has tapped into new markets, creating value at an unprecedented scale.

Sensedia, with its leadership in API management platforms, was a perfect fit. The partnership allowed Sandland to focus on the business’s core competency — AI development — while Sensedia handled the equally crucial aspects of security and ethical deployment. Sensedia unlocked Cyrano.ai through an API-first strategy and platform, transforming its standalone feature into a value-adding tool that could be quickly integrated into partner customer bases, creating speedy horizontal growth.

Incorporating the highest ethical standards was critical for Sandland and Sensedia during the build. The challenge lay in creating powerful AI models that could ethically integrate with existing systems. Sandland explains, “What I wanted to do was not a ‘move fast and break things, business model,’ the ethics of this matter to me a lot. With our API, we can power emotional influence, and that’s an ethically important thing to get right. Sensedia believed in the mission and understood the reason behind it. That was absolutely game-changing for us.”

Sensedia’s team succeeded in the challenge using an API-first approach. Filipe Torqueto, Sensedia’s Head of US Solutions, shares, “ The beauty of this API-First approach lies in its flexibility: LLMs could be customized and tweaked according to the specific needs and contexts of each client, incorporating ethical considerations and maximizing the value derived from Cyrano.ai’s services. Our platform simplified customization, enabling Cyrano.ai to expose its services effortlessly without friction. We were able to help them retain control over service access, even within a testing environment. With APIs acting as the conduit to connect to these AI models, Cyrano.ai’s customers could easily and securely plug Cyrano.ai’s capabilities into their platforms.”

Building on this successful launch with Cyrano.ai, Sensedia is committed to ethical AI evolution, continuously improving its ‘Responsible APIs’ solution, enabling clients with real-time alerts and proactive monitoring to identify misuse and enhance traffic analysis for smarter identification of invalid terms. Visit Sensedia during Ai4 in the exhibition area, booth 200.

Cohesity, a leader in data security and management, today announced it has been positioned by Gartner, Inc. as a Leader in the 2023 Magic Quadrant for Enterprise Backup and Recovery Solutions. This is the fourth consecutive year that the company has been named a Leader in the report.

Key features of Cohesity’s solutions include:

• Cohesity offers advanced data management capabilities with a centralized control plane that simplifies administration across consumption models: self-managed and Cohesity-managed Backup as a Service (BaaS), and for a broad set of workloads (across data centers, in the cloud, and at the edge) for key use cases such as backup, ransomware detection, and recovery.
• Cohesity supports deployments on multiple cloud providers for BaaS workloads and cyber vaulting on both AWS and Azure. Multicloud data isolation and cyber vaulting with Cohesity enables customers to isolate data, files, and configurations, so organizations can mitigate risk and get day 1 systems back up and running immediately.
• Cohesity and its Data Security Alliance provide customers with integrations across numerous security vendors, spanning different specialties and focus, to bring comprehensive cyber resiliency and recovery into a consolidated workflow.

“We believe being named a Leader in this report for the fourth consecutive time acknowledges the company’s exceptional innovation and traction in the global market, emphasizes the company’s overall long-term viability, and underscores the value Cohesity provides to our customers to support cyber and data resiliency,” said Amith Nair, senior vice president, Marketing, Cohesity. “As our customers combat ongoing cyber threats, we continue to innovate to deliver solutions that protect enterprise data at scale, simplify operations, and enhance cyber resiliency.”