Total amount raised
$111 Millions
Latest funding date
August, 2016
Location
Rubrik has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in data security and cyber resilience, offering innovative solutions to protect and manage enterprise data.
Keep reading to explore the intricacies of Rubrik's fundraising journey and the investors backing this forward-thinking platform.
What Is Rubrik?
Rubrik, founded in 2014 in Palo Alto, California, is a company specializing in data security and cyber resilience. The company was established by Arvind Jain, Arvind Nithrakashyap, Bipul Sinha, Sharvanath Pathak, and Soham Mazumdar.
Rubrik offers live data access for recovery and application development by integrating enterprise data management with web-scale IT. Their platform eliminates the need for traditional backup software, allowing businesses to manage data across private and public clouds.
With a workforce of 1001-5000 employees, Rubrik continues to innovate in the field of data protection, providing solutions that secure data, minimize downtime, and ensure rapid recovery from cyberattacks.
How Much Funding Has Rubrik Raised?
- Series C
- Amount Raised: $61M
- Date: August 2016
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Series D
- Amount Raised: $180M
- Date: April 2017
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate growth.
- Series E
- Amount Raised: $261M
- Date: January 2019
- Lead Investors: Bain Capital Ventures
- Valuation at Round: $3.3B
- Motivation Behind the Round: To enhance product offerings and expand into new markets.
- Series E
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Meros Equity Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and development initiatives.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Lead Investors: Microsoft
- Valuation at Round: $4B
- Motivation Behind the Round: To enhance data protection for Microsoft 365 and Azure services.
- Secondary Market
- Amount Raised: $1.3M
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Secondary
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and market expansion.
Total Amount Raised: $503.3M
Current Valuation: $4B
Key Investors
- Microsoft
- Details: Microsoft is a global technology company headquartered in Redmond, Washington. It is known for its software products, including the Windows operating system and the Office suite.
- Investment Focus Areas: Technology, cloud computing, artificial intelligence.
- Notable Investments: LinkedIn, GitHub, OpenAI.
- Bain Capital Ventures
- Details: Bain Capital Ventures is a venture capital firm that invests in various stages of a company's growth. It is part of Bain Capital, a private investment firm based in Boston, Massachusetts.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: DocuSign, LinkedIn, SurveyMonkey.
- IVP
- Details: IVP (Institutional Venture Partners) is a venture capital firm based in Menlo Park, California. It focuses on later-stage investments in rapidly growing technology companies.
- Investment Focus Areas: Technology, enterprise software, digital media.
- Notable Investments: Twitter, Slack, Snap.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, co-founder of Sun Microsystems. The firm is based in Menlo Park, California.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Meros Equity Global Management
- Details: Meros Equity Global Management is an investment firm that focuses on private equity and venture capital. The firm is known for its strategic investments in high-growth companies.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Not publicly disclosed.
What's Next for Rubrik?
Rubrik's partnership with Microsoft opens up significant opportunities, particularly in enhancing data protection for Microsoft 365 and Azure users. This collaboration targets over 2,000 mutual customers, providing a substantial market for Rubrik's innovative solutions. The focus on zero-trust data management and ransomware protection aligns with current industry trends, positioning Rubrik for continued growth.
Future fundraising opportunities seem promising, given the increased valuation and successful collaboration with Microsoft. However, Rubrik will need to navigate challenges such as seamless integration with Microsoft's products and staying ahead of evolving cybersecurity threats. The competitive landscape in data protection and cybersecurity will also test Rubrik's resilience and adaptability.
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