![](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2015\/03\/storageracks.jpg?w=738\")
<\/p>\n<\/p>\n
Make way for another juggernaut amongst enterprise startups: Rubrik<\/a>, a data backup company that only emerged from stealth<\/a> in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according to sources.<\/p>\n TechCrunch first learned of the new fundraise via an anonymous tip. We then confirmed the details with a source close to the company. From what we understand the round is not yet closed.<\/p>\n It\u2019s not clear who will be leading the\u00a0round but one name we\u2019ve heard floated is IVP \u2014 the high-profile VC firm that has been\u00a0a prominent\u00a0backer of major tech brands like Snap and Twitter, but also a number of key enterprise startups like Slack, Domo and Dropbox.<\/p>\n Other potential investors could include Rubrik\u2019s existing investors: Greylock, Khosla and Lightspeed, where cofounder and CEO Bipul Sinha was a venture partner prior to Rubrik. Other founders include Arvind Jain (ex-Google engineer), Soham Mazumdar (an engineer founder who sold Tagtile to Facebook and also is an ex-Googler); and Arvind Nithrakashyap (a storage and distributed system expert who is an alum of Rocketfuel and Oracle).<\/p>\n To date the company has raised $112 million.<\/p>\n There are a number of companies competing in the area of enterprise back up\u00a0services including Druva, CommVault and EMC, and like these Rubrik pitches itself at large enterprises with a specifically hybrid product that is used in situations like disaster recovery, but also general IT security and daily backups.<\/p>\n What\u2019s notable about Rubrik\u00a0is that it aims itself at enterprises\u00a0that use apps and data stored across a mixed\u00a0environments that blend on-premises services and services in the cloud (the most common architecture these days). It provides a way to\u00a0retrieve data from both in equally fast times. Rubrik also moves data from one environment to the other while keeping it indexed (which also makes retrieval more efficient).<\/p>\n The product is \u201creally resonating\u201d with businesses right now, a source tells us, and it\u2019s put the company into \u201chyper growth mode.\u201d Hence the push for funding to seize the moment.<\/p>\n Rubrik declined to comment for this story.<\/p>\n Featured Image: MilousSK<\/a>\/Shutterstock<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2015\/03\/storageracks.jpg?w=680\")
Make way for another juggernaut amongst enterprise startups: Rubrik, a data backup company that only emerged from stealth in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according to sources. TechCrunch first learned of the new fundraise via… Read More<\/a><\/p>\n\n<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>
<\/img><\/a>\n<\/div>\n
<\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-339190","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/339190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=339190"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/339190\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=339190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=339190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=339190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}