Rubrik to Make Public Debut as Tech Firms Experience Improved IPO Market Prospects

Rubrik to Make Public Debut as Tech Firms Experience Improved IPO Market Prospects

Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.

Greylock Partners

Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021.

The Silicon Valley company got its start selling hardware that companies could use to back up their data in a modernized fashion relative to traditional players in the space. Rubrik then had to evolve to the cloud, where it now gets most of its revenue from software that “detects, analyzes, and remediates data security risks and unauthorized user activities,” according to its IPO prospectus.

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