Rubrik -  - Bipul Sinha

Bipul Sinha

Rubrik Co-founder & CEO. Former Lightspeed Venture Partner. Founding Investor of Nutanix and Hootsuite.

5 articles

Rubrik -  - Rubrik Raises $180 Million at $1.3 Billion – Why it Matters

Business

Rubrik Raises $180 Million at $1.3 Billion – Why it Matters

This past week, we announced that we raised $180 million at a $1.3 billion valuation. The round is led by IVP (same folks who invested in Slack, Snapchat, AppDynamics, MuleSoft) with strong participation from our existing investors Lightspeed Venture Partners and Greylock Partners. Why raise another round? We have not even dipped into the $61 million from Series C since we’ve been judiciously fueling our hyper-growth with cash flow. Simply put, Rubrik is growing extremely fast. We’ve grown our employees by more than 15x in the past two years. We’ve expanded to 5 continents in 5 quarters. We approached $100 million in bookings in just six quarters of selling. We’ve amassed a customer base numbering into several hundred enterprises, with huge penetration into the Fortune 500 and large governments. When several investors approached us to pre-empt the next round of funding, my co-founders and I saw the opportunity to double down on accelerating our business at a rate that the industry has not seen before. The market demand is there and we can further amplify our innovation lead by investing heavily in R&D. To date, we have rolled out 8 product releases with the latest managing data for cloud-native applications while…
Rubrik -  - This is Cloud Data Management

Company

This is Cloud Data Management

The cloud is a democracy. In the past, we lived in a restrictive system, one where we were anchored to legacy platforms with a disparate view of our businesses. The cloud represents a new era that liberates enterprises by delivering universal access and automation over their applications. With cloud, enterprises can reduce cost and time-to-market while retaining business agility. The cloud adoption is not a question of “if” but rather “how.” Many enterprises are unable to realize the promise of the cloud because of the limitations within their own infrastructure. They have spent millions and millions on their data centers, and now they want to leverage the pay-as-you-use economics and automation of the cloud while maintaining control and visibility over their data. What they are missing is a killer application that bridges the gap between their owned systems and the cloud. Rubrik is this killer application. As the world’s first Cloud Data Management platform, Rubrik sets data free with an intelligent application providing a real-time, unified management plane over all application data in scalable and efficient manner – regardless of location. Recover, manage, and secure your data. Everywhere. What is Cloud Data Management? Cloud Data Management is a platform that…

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