Data security firm Cohesity is eyeing a potential initial public offering in 2026 with ambitions to achieve a valuation that rivals its publicly traded $17-billion peer Rubrik . The move would mark an important milestone for Nvidia -backed Cohesity, which shelved IPO plans in 2021 to first execute a complex merger with its rival Veritas' data protection unit, according to Cohesity CEO Sanjay Poonen. That deal, which made the company the largest data protection software provider, closed in December 2024 and valued the combined entity at over $7 billion at the time. Poonen said the combination, which brought together his fast-growing but unprofitable firm with the larger, highly profitable Veritas, was a risky but calculated deal. "I made a calculation in 2022 that we could go public, but in

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