Rubrik Surpasses $400 Million in Subscription ARR

Rubrik,Inc. surpassed $400 million in software subscription annual recurring revenue (ARR) to date, growing over 100% Y/Y.

The company has achieved a net dollar retention rate greater than 140% based on its ability to retain customers and expand within the customer base. Today, over 4,500 customers around the world and across multiple industries rely on Rubrik to help them secure their data and keep their business running, including BMO Financial Group, Citigroup, Estee Lauder, Fiserv, and The Home Depot.

The company also announced the launch of Zero Labs, Rubrik’s new cybersecurity research unit to analyze the global threat landscape, report on emerging data security issues and give organizations research-backed insights and best practices to secure their data vs. the increasing threat of cyber events.

“There is no industry, government, or company that is immune to cyberattacks. These threats continue to increase in volume and sophistication and have the power to bring entire organizations to their knees,” said Bipul Sinha, CEO and co-founder. “We are striking a chord with organizations globally because they need a better strategy to protect their data. With Rubrik, they are better able to secure their business from ongoing cyber events.”

Rubrik named Steven Stone as the head of Zero Labs. He will lead new data threat research unit to uncover real-world intrusions from a range of threats including espionage-based data breaches to ransomware attacks, and to inform customers and partners of the best ways to proactively address risk in their business operations. He has over 15 years of experience in threat intelligence with roles in the US military, intelligence community, and private sector, including Mandiant/FireEye and IBM. Most recently, he was VP of adversary operations at Mandiant, leading global teams who were responsible for adversary hunting, attribution, and data collection efforts.

“Data and insights are critical for understanding, responding, preventing, and recovering from cyber events. In many cases, the data aspects are the least understood across the threat landscape, and we want to close this delta. Comprehensive threat intelligence will enable organizations to make informed decisions so they can be prepared for a full swath of cyber threats,” he said. “I’m thrilled to pioneer the data threat intelligence unit at Rubrik and help to deliver valuable insights to our customers and the cybersecurity industry so that together we can stay ahead of the evolving data threat landscape.”