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Cohesity's CEO Sanjay Poonen discusses the company's recent acquisition of Veritas’ data protection business. This move is seen as essential for accelerating Cohesity’s growth and expanding its international presence. Poonen explains that while Cohesity had the best technology, the consolidation with Veritas allows them to disrupt the crowded market and strengthens their position as a market leader, achieving number one in market share.
Poonen emphasizes the shift in cybersecurity strategy, advocating for rapid recovery over prevention. Using the NIST framework, he underlines the importance of preparing for attacks and focusing on the ability to recover quickly from incidents. He draws parallels between data recovery and healthcare, suggesting that organizations must prepare for the inevitability of cyberattacks and invest in effective recovery solutions.
The integration of AI into Cohesity’s offerings is highlighted, with discussions on utilizing data insights through innovative technologies. Poonen introduces Gaya, an AI agent designed to support data governance and insights, and explains the measures taken to ensure data security and mitigate risks of hallucinations in AI responses.
Poonan discusses Cohesity's future ambitions, specifically the potential for an IPO. He stresses the importance of timing and valuation, aiming for a valuation comparable to key players in the market. He remains focused on building a strong company foundation and acknowledges the significance of recent corporate investments to support this trajectory.
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