Rubrik
| Company type | Public |
|---|---|
| Industry | Cloud data management, Data security |
| Founded | January 2014 |
| Founder | Bipul Sinha, Arvind Jain, Soham Mazumdar, Arvind Nithrakashyap |
| Headquarters | Palo Alto, California , United States |
Key people | Bipul Sinha (CEO) |
| Products | Cloud data management and security solutions, backup and recovery for hybrid cloud infrastructures |
Rubrik, Inc. is a U.S.-based enterprise specializing in cloud data management and security, headquartered in Palo Alto, California. Established in January 2014, the company became publicly traded on the New York Stock Exchange in April 2024.
History
The organization was founded by Bipul Sinha, Arvind Jain, Soham Mazumdar, and Arvind Nithrakashyap. In May 2017, Rubrik completed a Series D funding round worth US$180 million led by Institutional Venture Partners (IVP), which valued the company at approximately US$1.3 billion and brought total capital raised to over US$292 million.
Rubrik expanded its cloud data management portfolio through the acquisition of Datos.io in early 2018. By January 2019, the firm secured an additional $261 million from key investors such as Bain Capital Ventures, Lightspeed Venture Partners, Greylock Partners, Khosla Ventures, and IVP, resulting in a valuation of $3.3 billion.
In December 2020, following workforce reductions at Seattle-based Igneous, Rubrik acquired certain assets and intellectual property from the company.
To strengthen its public cloud data security capabilities, Rubrik purchased Israel’s Laminar Security in August 2023 for $200 million.
Products
Rubrik positions itself as a provider of "Zero Trust Data Security," delivering data management solutions including backup and recovery tailored for enterprises utilizing hybrid cloud infrastructures. Its platform supports deployment both on-premises and in cloud environments to safeguard and administer data effectively.
An increase in ransomware incidents alongside heightened corporate security priorities has fueled demand for off-site backup technologies, thereby broadening the market opportunity.
Controversies
In March 2018, Dell EMC initiated legal action against two former employees who joined Rubrik, alleging theft of proprietary information, solicitation of Dell EMC clients, and conferring unfair competitive benefits to Rubrik.
Personnel
Bipul Sinha, one of the founders, currently serves as CEO after his tenure at Lightspeed. He is credited with multiple patents related to distributed storage systems and advocates for “radical transparency” by allowing all staff members to attend board meetings.
The board includes former Microsoft Chairman John W. Thompson. Additionally, prominent investor and professional basketball player Kevin Durant made his inaugural technology investment with Rubrik under the mentorship of angel investor Ron Conway.