Rubrik, a cybersecurity platform backed by Microsoft, has filed for an initial public offering (IPO) in the United States, the company announced in a filing on Monday. This move contributes to a growing trend of companies tapping into capital markets following a two-year period of subdued activity.
Founded in 2014 by venture capitalist Bipul Sinha, Rubrik specialises in cloud-based ransomware protection and data-backup software, catering to a client base of over 6,000 customers, including prominent names like Nvidia and HomeDepot.
Based in Palo Alto, California, Rubrik garnered a valuation of $4 billion following an investment by Microsoft in 2021.
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