56.8 F
Washington D.C.
Monday, April 22, 2024

Rubrik, Microsoft-Backed Cybersecurity Platform, Files for US IPO Amid Market Recovery

Based in Palo Alto, California, Rubrik garnered a valuation of $4 billion following an investment by Microsoft in 2021.

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.

Read the rest of the story at REPUBLIC, here.

author avatar
Homeland Security Today
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.
Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

Related Articles

Latest Articles