Rubrik Raises $752 million IPO

Rubrik raised $752M in IPO financing led by Various, with participation from Various (IPO). AI data security and backup for enterprise. The new capital is framed around Build AI threat hunting for backup data and expand to cloud workload protection.

What it does

AI data security and backup for enterprise. The business sits in AI & Machine Learning, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.

Traction

Serving 6,000+ enterprises; AI detects ransomware in backup data streams. Management framed the new capital around Build AI threat hunting for backup data and expand to cloud workload protection.

Trend impact

AI data security competing with Cohesity and Veeam for data protection market. The capital raise matters because it gives the company more room to compete for customers, talent, and mindshare while incumbents and adjacent startups respond with clearer product depth or distribution.

Funding history

• April 1, 2024 · IPO · $752 million · Various (IPO)
• Recent · Series E · $261 million · undisclosed investors

Products & services

• AI & Machine Learning workflow monitoring tied to the funding announcement
• Customer-facing product described on the company website
• Operational tooling for ai & machine learning teams
• Data capture and reporting across core business processes
• Team expansion support funded by the latest round