+1-888-308-5802     
News Contact Us

Rubrik Inc., raises $261 million in the latest Series E funding round

Author : Ojaswita Kutepatil | Published Date : 2019-01-16 

Rubrik has raised up to USD 553 million in funds so far, including the Series E round.

Rubrik Inc., a data management company based in California, USA, has reportedly secured as much as US$ 261 million in Series E funding, the latest financing round of the company led by Bain Capital Ventures, a venture capital arm of the Boston-based private investment firm Bain Capital. Reportedly, the latest funding evaluates the company at US$ 3.3 billion.

As per reliable sources, Rubrik, which provides cloud-based data recovery and backup services, has raised up to USD 553 million in funds so far, including the Series E round. Other participants in the funding include the existing stakeholders - Khosla Ventures, Lightspeed Venture Partners, Greylock Partners, and IVP. Rubrik is most likely to utilize the funding proceeds for its upcoming innovations and for introducing new products, add sources.

Bipul Sinha, the CEO and co-Founder at Rubrik Inc., was reported saying that the new capital is expected to accelerate the introduction of novel products in the new year and will solve several customer challenges, while significantly expanding the strategic footprints in the enterprise.

As per a report by News Corp VC Circle, Rubrik, founded by Bipul Sinha, Arvind Nithrakashyap, and Soham mazumdar in 2014, has offices in India, Ireland, Tokyo, the Netherlands, and the United States. Its Indian operations in Bengaluru includes a major R&D presence, where independent products are developed for global markets. It was further reported that the company has a sales & marketing team working in India and will be contributing to triple its headcount in the country and augment the R&D initiatives by 2020.

Rubrik, for the record, had acquired Datos IO last February, which provides a cloud-based platform for data management and enables organizations to safeguard application data. The US-based start-up’s customers include Expedia Group Inc., ASL Airlines, Cisco Systems Inc., UC San Diego, US Department of Defense, and US Department of Commerce.

About Author

Ojaswita Kutepatil

Ojaswita Kutepatil

Equipped with an ardent interest in writing, Ojaswita Kutepatil, a content developer by profession, presently writes articles for fractovia.org and a couple of other portals. When she isn’t harnessing the power of the pen, she loves to pursue her hobbies of cooking, reading, and crafting, to name a few. She can be contacted at- [email protected] | https://twitter.com/ojaswita_k

Related News

Go-Jek secures additional $100M in funds from Astra International

Published Date: 2019-03-05         Author: Ojaswita Kutepatil

Go-Jek, the Indonesian ride-hailing & logistics startup, is currently in the news for raising another $100 million in its ongoing Series F investment round, with the help of which the company aims to secure at least $2 billion in the long run. As per trusted sources, the latest cash influx co... Read More

Adaptive3D secures financing from latest Series A investment round

Published Date: 2019-02-06         Author: Ojaswita Kutepatil

Applied Ventures LLC and DSM Venturing led the Series A investment round.   The investment round also saw participation from Chemence & current investors that were led by late Margaret McDermott & Mary McDermott Cook. Adaptive3D Technologies (Adaptive3D), an American additiv... Read More

Uber Eats to pilot Coles’ ready-to-eat meals in a new partnership deal

Published Date: 2019-01-29         Author: Ojaswita Kutepatil

The supermarket giant Coles has teamed up with Uber Eats to test-launch meal delivery services across Australia Uber Eats, an American online food delivery platform, and Australian supermarket chain Coles, have reportedly signed a partnership agreement for meal delivery to customers. Under the pa... Read More

© 2019 Fractovia. All Rights Reserved