The path for a technology company usually ends with one of two decisions: either to sell or go public – and it looks like Rubrik is getting closer to a completion point.
Signs that the zero-trust data management specialist is putting the business on a footing for its next stage are growing, with a number of senior appointments and the recent strategic tie-up with Microsoft.
Rubrik has been around since 2014, set up by Bipul Sinha, Arvind Nithrakashyap, Soham Mazumdar, and Arvind Jain. In that time, the business has raised $550m in venture capital funding from some of the household names in that industry.
On the personnel front in the past month, the firm has hired Yvonne Wassenaar and Scott Herren to its board of directors.
Wassenaar comes with plenty of experience spread over more than 25 years in which she led companies through accelerated growth and the initial public offering (IPO) process.
Speaking last month, Bipul Sinha, CEO and co-founder of Rubrik, said that Wassenaar “shares our vision and she will be invaluable to our long-term growth and continued success, as we help global customers secure their data and their businesses”.
Herren, executive vice-president and chief financial officer at Cisco, will take up a board position and serve as chair of the audit committee, and has a background in public company finance leadership expertise.
Added to those developments, Rubrik revealed in August that it had formed a strategic agreement with Microsoft that includes an equity investment from the software giant that would support Rubrik to drive go-to market activities and co-engineering projects to deliver integrated zero-trust data protection solutions built on Microsoft Azure.
Rubrik is also making a name for itself in a crowded security market with the launch last month of its $5m Ransomware Recovery Warranty.
“With this new Ransomware Recovery Warranty, our customers have our commitment that we care as deeply about protecting their data as they do,” said Sinha. “With ransomware attacks increasing more than any time in history, having a recoverable copy of your data has become a top agenda item for CIOs and CISOs, and we understand how important data security is to ensuring the security of a business.”