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A growing success story
The company was founded in January 2014 by Bipul Sinha (a partner at Lightspeed Ventures), Arvind Jain (ex-Google), Soham Mazumdar (ex-Facebook) and Arvind Nithrakashyap (ex-Oracle).
IVP led a US$180 million Series D funding round in May 2017, at a US$1.3 billion valuation, bringing the company to at least US$292 million raised to date.
In early 2018, Rubrik purchased Datos.io, another cloud data management company.
In January 2019 the startup has raised $261 million, which helped it to reach $3.3 billion total valuation. The core investors were Bain Capital Ventures together with Lightspeed Venture Partners, Greylock Partners, Khosla Ventures and IVP.
In December 2020, the company purchased the assets and intellectual property of Igneous, a Seattle-based company that had recently gone through a mass layoff. Until shortly before the acquisition, Igneous was led by co-founder Kiran Bhageshpur.
Rubrik is a next-generation backup product. It is so easy to use that a 12-year-old could use it. At the same time, it has key enterprise features to support our business needs.
Rubrik allows us to use lower-cost storage tiers, such as object stores or cloud storage, in a smarter fashion. For example, we’re able to index the data that we offload to public cloud.
