Data security firm Cohesity intends to embark on an Initial Public Offering (IPO) in 2026, aiming for a valuation akin to its publicly traded counterpart Rubrik, which boasts a market capitalization of $17 billion. CEO Sanjay Poonen highlighted NVIDIA's investment as a pivotal moment for the company. Cohesity had previously postponed its IPO plans in 2021. However, in December 2024, the company successfully merged with Veritas' data protection division, becoming the world's leading data protection software provider with a combined valuation exceeding $7 billion. Poonen emphasized that the company will be IPO-ready once the merged entity can present comprehensive fiscal year performance data. The IPO could potentially take place as early as "early next year," but it might also be postponed until fall 2026. Should business performance remain robust, 2026 will be an opportune time for the listing.