This is a Press Release edited by StorageNewsletter.com on 2017.05.02
Source URL: http://www.storagenewsletter.com/2017/05/rubrik-raises-180-million-series-d-total-funding-at-292-million/
Rubrik, Inc. announced a $180 million series D investment led by IVP with strong participation from Lightspeed Venture Partners and Greylock Partners, bringing total equity raised to $292 million.
With a run-rate approaching $100 million, and several hundred enterprise customers adopting its Cloud Data Management, Rubrik has established a record setting growth in six quarters of selling.
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The company will use the new funds to accelerate product development and go-to-market investments worldwide.
“The paradigm shift to the cloud has taken hold in the Enterprise and no other company is better suited to catalyze this market opportunity than Rubrik,” said Somesh Dash, general partner at IVP. “Similar to other hyper-growth IVP investments like AppDynamics, MuleSoft, Pure Storage, and Slack, Rubrik is a market leader with a long-term business model that is disrupting the broader IT industry while acquiring a loyal and enthusiastic enterprise customer base along the way.”
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