Cloud data management company Rubrik announced the closing of its Series E fundraising round. Through this round, the company raised $261 Million. The round saw participation from new investors such as Bain Capital Ventures, and re-investments from existing investors Lightspeed Venture Partners, Greylock Partners, Khosla Ventures, and IVP. To date, the company has raised more than $553 Million and is valued at $3.3 Billion.
“Rubrik has won the trust and loyalty of large enterprise customers around the globe by offering a simple and reliable solution that solves the challenge of protecting and managing data in a hybrid cloud world,” says Enrique Salem, former CEO at Symantec and Partner at Bain Capital Ventures. “When we met Bipul, we were instantly impressed with his vision and the skill and tenacity of his team. Given my experience leading the largest enterprise data protection company, we are confident that Rubrik is positioned to win and be the market leader in enterprise cloud data management.”
“Rubrik has differentiated itself as the industry pioneer and leader in the large and growing cloud data management market at an unprecedented speed,” said Ravi Mhatre, Partner at Lightspeed Venture Partners. “We believe Rubrik will fundamentally change the way enterprise IT operates over the next decade. That’s why it is one of the capstone investments in Lightspeed’s global portfolio.”
“In less than five years, Rubrik has delivered on its vision to simplify how businesses around the world keep and use their data, resulting in unprecedented growth,” says Asheem Chandna, Partner at Greylock Partners.
“Our previous fundraising in 2017 was focused on global expansion and increasing our reach into the enterprise market. Now, with thousands of customers around the world, industry-leading customer satisfaction ratings, and numerous analyst and industry awards, we have customers asking us to solve new challenges,” says Bipul Sinha, Co-founder, and CEO at Rubrik. “This new capital will speed up the introduction of exciting new products in 2019 that will solve those customer challenges and significantly expand our strategic footprint in the enterprise.”