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Rubrik Raises Oversubscribed $61 Million Series C

Total funding at $112 million in 30 months since inception
This is a Press Release edited by StorageNewsletter.com on 2016.08.16

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Rubrik, Inc., in converged data management, announced a $61 million Series C investment led by Khosla Ventures with heavy participation from existing investors Lightspeed Venture Partners, Greylock Partners and angel investors.

Additionally, Rubrik announced a cloud data management platform designed to protect, manage and secure data everywhere for hybrid cloud enterprises.

This new funding round, which brings Rubrik's total financing to over $112 million since inception, provides a war chest to continue scaling sales, marketing, support, and engineering to bring the benefits of cloud data management to every organization around the globe.

"As data centers are re-imagined for cloud, there's a universal need for a data management platform that can orchestrate data anywhere - across private and public clouds. Just as Sun Microsystems ushered an era of client-server computing, Rubrik pioneers a cloud data management architecture that will fundamentally transform how enterprises manage and access their application data," explains Vinod Khosla, founder, Khosla Ventures. "Rubrik's swift rise and unparalleled momentum demonstrate a massive market opportunity for such a cloud-enabled transformation."

"With organizations increasingly looking to leverage public cloud, Rubrik delivers the killer application to democratize public cloud for enterprises with an easy button to protect, manage, and secure data everywhere," says co-founder and CEO Bipul Sinha. "Our Firefly release will further accelerate cloud adoption in enterprises, and cement cloud data management as an industry standard practice."

Record Business Momentum
Since releasing the first product, the start-up has posted record business growth with revenue doubling every quarter.

  • Customer Adoption - Enterprise customers across all verticals, including numerous Fortune 500 companies, are adopting Rubrik in record numbers to leverage cloud economics.
  • Marquee Go-To-Market Partners - Global network of partners comprise over 150 major resellers and distributors to meet cloud data management solution demand around the world.
  • Global Presence - The company has expanded international offices and hired leadership teams in EMEA and APJ to respond to fast growing global market demand.
  • Technology Partner Ecosystem - Rubrik delivers joint, certified solutions with software and systems innovators such as VMware, Pure Storage, Nutanix, Tintri, Cleversafe, Cloudian, and Scality among others, as well as with cloud service providers such as Amazon AWS and Microsoft Azure.
  • Industry Recognition - The firm has received numerous industry acclaims including Gartner Cool Vendor, Virtualization Review Editor's Choice, and CRN Emerging Vendor.
     

"We are elated by the overwhelming market demand for our innovative data management platform that brings beautiful design and operational simplicity with powerful policy automation and data orchestration engines at cloud scale," adds co-founder and VP of engineering Arvind Jain. "If the Early Access Program is any indicator, our landmark Firefly release, that embraces physical workloads, extends to enterprise edge, and spans clouds, will shift the data management paradigm forever."

"Rubrik has become our trusted data management platform for our mission-critical workloads. We have achieved tremendous hard and operational savings by trading in legacy solutions for a policy-driven approach to easily managing data everywhere - on-premises, at the edge, and in the public cloud," said Steve Bunch, server and storage Manager, at customer Wabash National.

"Rubrik pioneers a new approach to data management-from backup and DR to search and analytics-while delivering game-changing ROI and management simplicity. With Rubrik, our customers can quickly achieve a hybrid cloud model by utilizing public cloud in an efficient, intelligent manner. We are thrilled to partner with Rubrik. The velocity of how Rubrik has penetrated the market is unlike anything we've seen before," said Dale Foster, executive director and GM, from channel partner Promark Technology, Inc.

"Pure Storage and Rubrik have teamed to make the all-flash data center simple to deploy and protect. With the launch of Firefly, we together deliver a true hybrid cloud experience, enabling customers to protect their on-prem all-flash infrastructure seamlessly with cloud-based data protection and recovery. Both Pure and Rubrik believe in a next-generation IT stack that delivers the best performance for mission-critical applications, while leveraging the cloud for simplified management and protection," said Matt Kixmoeller, VP of products, Pure Storage, Inc., member of Rubrik Technology Alliance Ecosystem.

"Rubrik establishes a new standard for how hybrid cloud enterprises efficiently deliver data protection, search, analytics, compliance, and copy data management across different locations. The Firefly release extends the same hallmark simplicity Rubrik is known for to physical workloads and edge environments. The market traction made by Rubrik in a short time is reminiscent of how VMware virtualization transformed IT in the early 2000s," said Deni Connor, founding analyst, SSG-NOW.

"Organizations need a way to manage data in a hybrid cloud environment. Rubrik's cloud data management platform aims to offer these capabilities across data protection, search, analytics, and copy data management to help maximize savings and agility," said Phil Goodwin, research director, protection, availability and recovery, IDC.

Read also:
Rubrik Just Raised $41 Million After $10 Million Last March
And introduced hybrid cloud appliance underpinned by its converged data management platform for backup and recovery
2015.05.27 | Press Release

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