Rubrik has raised $552.0M in total across 5 funding rounds.
Rubrik's investors include 9Yards Capital, Adverb Ventures, Amity Ventures, Andreessen Horowitz, Chloe Sladden, Bain Capital Ventures, Cisco Investments, Craft Ventures, Elefund, Ensemble VC, FirstMark Capital, Founders Fund.
Rubrik, Inc. is a cloud data management and data security company that builds a comprehensive platform integrating backup, recovery, archival, search, and governance functions into a single solution.[1][2][4][5] It serves over 7,000 customers, including Global 2000 enterprises, government agencies, healthcare, finance, and education sectors, solving critical challenges like ransomware protection, data breaches, escalating data volumes, and inefficient legacy backup systems in hybrid and multi-cloud environments.[1][4][6] Rubrik's mission is to secure the world's data by delivering cyber resilience, operational efficiency, and turning backup data into a strategic asset for security and AI, with $1.35B subscription ARR and strong growth momentum evidenced by 51% YoY expansion to a $1.2B run-rate as of recent reports.[2][3][5][6]
The platform operates on a subscription-based model, enabling pay-for-what-you-need flexibility, and partners with AWS, Azure, and Google Cloud for hybrid solutions, boasting over 3,000 employees across 22 global offices.[1][6]
Rubrik was founded in 2014 (initially as ScaleData in late 2013) in Palo Alto, California, by Bipul Sinha (CEO, observed flaws in legacy backup systems like Veritas and Commvault), Arvind Jain (co-founder with technical foresight in data security), Soham Mazumdar, and Arvind Nithrakashyap.[1][4][5][7][8] The idea emerged from founders' frustration with cumbersome, cloud-unfriendly backup tools designed for human error or disasters but failing against modern cyber threats like ransomware; they aimed to "make enterprise data backup beautiful" via a simplified, scale-out architecture combining software and hardware.[2][5]
Early traction came quickly: launched its first Converged Data Management appliance in 2015 with instant backups and Google-like search, achieving unicorn status by 2017 via a $180M Series D led by IVP at $1.3B valuation.[5][7][8] Pivotal shifts included moving to subscription licensing in FY2020 and launching Rubrik Security Cloud (RSC) in FY2023 as a cloud-native, Zero Trust platform, migrating legacy customers and ending perpetual licenses.[8]
Rubrik stands out in data protection through these key strengths:
Rubrik rides the $50B data resilience market trend, transforming traditional backup into cybersecurity essential amid surging ransomware, data explosion, and multi-cloud adoption—timing amplified by post-2020 cyber threats and cloud migrations.[2][3][5] Market forces like regulatory compliance (e.g., GDPR), AI data needs, and legacy vendor obsolescence favor Rubrik's modern, AI-integrated platform, which turns data into a strategic asset for security and innovation.[1][2][4]
It influences the ecosystem by disrupting incumbents (Commvault, Veritas), partnering with hyperscalers, and setting standards for Zero Trust data security, enabling enterprises to achieve business continuity and cloud mobility while fostering a resilient digital landscape.[1][5][9]
Rubrik is positioned for explosive growth in the data security frontier, with next earnings on March 12, 2026, despite a negative P/E (-50.33) reflecting investment phase; expect RSC expansions, deeper AI integrations, and market share gains in cyber resilience.[4][6][8] Trends like escalating cyberattacks, AI-driven threats, and hybrid cloud mandates will propel it, potentially evolving into the data security market leader through continuous innovation and RIVET-driven execution.[2][3]
As cyber risks intensify, Rubrik's evolution from backup disruptor to resilience powerhouse secures its path to becoming an enduring institution in protecting the world's most critical asset: data.[2][3]
Rubrik has raised $552.0M across 5 funding rounds. Most recently, it raised $260.0M Series E in January 2019.
