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Rubrik Raises $41 Million Series B Led by Greylock Partners, Announces General Availability of r300 Series Hybrid Cloud ApplianceRubrik, the Converged Data Management company, announced a $41 million Series B investment led by Greylock Partners with participation from Lightspeed Venture Partners and existing angel investors. Concurrently, Rubrik introduced the r300 Series Hybrid Cloud Appliance underpinned by its Converged Data Management Platform. The Company will use the funding to accelerate its rapidly growing global footprint of customers and channel partners. "We are truly humbled by the tremendous response to our Early Access Program announced in March," said Bipul Sinha, co-founder and CEO, Rubrik. "This early customer traction demonstrates the latent market demand for a platform that delivers radical improvements in TCO while eliminating a complex data management infrastructure with a simple, converged system." Redefining the Data Management Landscape Industry analyst firm IDC (News - Alert) estimates that businesses will spend $47 billion in 2015 on infrastructure to protect data, manage disaster recovery, enable DevOps, and archive for compliance and long-term retention. "We partner with world-class teams building category-defining companies in large markets," said Asheem Chandna, Partner, Greylock Partners. "Rubrik is a game-changing company that radically simplifies data management, and has the potential to redefine the backup and recovery markets." As part of the investment, Mr. Chandna has joined Rubrik's board of directors. Greylock's enterprise investments include Data Domain, Docker, Legato, Palo Alto Networks, Pure Storage and Workday. "Rubrik is modernizing the secondary environment with a single, software-defined fabric in the same way that Nutanix has transformed the primary environment with a single, software-defined fabric," said Dheeraj Pandey, Co-Founder & CEO, Nutanix and Rubrik's early investor. "Rubrik's rapid growth is a testament to the real pent-up demand for innovation in backup and recovery." "Rubrik has delivered a transformative enterprise product in record time," said Ravi Mhatre, Partner, Lightspeed Venture Partners. "Moreover, channel partners will love the customer value, partner economics and simplicity of Rubrik r300 Series Hybrid Cloud Appliance." Introducing Rubrik r300 Series Hybrid Cloud Appliance The Rubrik r300 Series Hybrid Cloud Appliance, a 2U unit containing up to four x86 nodes, comes pre-configured with the Rubrik Converged Data Management Platform (RCDM). The Rubrik platform is anchored by a patent-pending loud-Scale File System, a distributed system built from scratch to be version-enabled with intelligent management of flash and spinning disks. Rubrik Converged Data Management is designed to scale out to tens of thousands of nodes. Primary benefits of Rubrik r300 Series Hybrid Cloud Appliance include:
Rubrik r300 Series Hybrid Cloud Appliances are globally available through the Company's channel partners. For more information, visit http://www.rubrik.com or email [email protected]. Customer Quotes
Jaime Huizar, Senior Architect, Power Integrations
Matthew Day, IT Manager, Langs Building Supplies Analyst Quotes
George Crump, President and Founder, Storage Switzerland
Vinny Choinski, Senior Lab Analyst, ESG About Rubrik Rubrik provides the industry's first Converged Data Management platform with the Rubrik r300 Series Hybrid Cloud Appliance, fusing enterprise-class data management with web-scale IT. Organizations use Rubrik to deliver live data access to recover from failures and accelerate application development. Rubrik is built by key engineers behind Google, Facebook, VMware, and Data Domain (News - Alert). Headquartered in Palo Alto, CA, Rubrik has raised over $51 million from Greylock Partners, Lightspeed Venture Partners and enterprise IT luminaries, including John W. Thompson (Microsoft (News - Alert) Chairman, Symantec Former CEO), Frank Slootman (ServiceNow CEO, Data Domain Former CEO), Dheeraj Pandey (Founder and CEO, Nutanix) and Mark Leslie (Leslie Ventures, Veritas Founding CEO). For more information, visit http://www.rubrik.com and follow @rubrikInc on Twitter. View source version on businesswire.com: http://www.businesswire.com/news/home/20150526005339/en/ |