APR 25, 2024 IPO NYSE: RBRK

What is Rubrik?

Rubrik inc is a cloud data management and enterprise platform. The company aims to provide a backup solution that combines legacy to new-age data systems from on-premise to the cloud. Rubrik additionally aims to provide data protection (backup, DR, archival), global management, cloud mobility, self-service automation, and ransomware recovery solutions.

What does Rubrik do?

Through CloudData Management, the company provides a single software platform that delivers backup, instant recovery, archival, search, analytics, compliance, and copy data management features across data centers and clouds. Through Polaris, the company organizes a client's business information that aims to make it discoverable and usable. Through Mosaic, Rubrik provides a NoSQL data management solution. Rubrik was founded in 2014 and is headquartered in San Francisco, California.

Rubrik revenue

Rubrik announced in January 2023 a significant milestone, surpassing $500 million in annual recurring revenue (ARR) from software subscriptions. The company's impressive net dollar retention rate of over 140 percent further demonstrates Rubrik's success in retaining existing customers and expanding its customer base.

Rubrik stock

rubrik share price chart — Rubrik stock price source: IPO CLUB Valuation at Market©

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Rubrik valuation

The company has raised over $550 million in Venture Capital funding from investors including Bain Capital, IVP, Lightspeed Venture Partners, Kevin Durant, Greylock Partners, MicroVentures, Next Play Capital, and Khosla Ventures. Per company press releases, Rubrik last raised $261 million in January 2019 at a post-money valuation of $3.3 billion. As of July 2023, the valuation is around $4.5 billion.

Latest news

Sep 2023: Rubrik held meetings to prepare for IPO

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