Rubrik, a Palo Alto, CA – based cloud data management company, raised $180m in Series D funding.
The round, which brought total equity raised to $292m and valued the company at $1.3 billion, was led by IVP with participation from Lightspeed Venture Partners and Greylock Partners.
The company will use the new funds to accelerate product development and go-to-market investments worldwide.
Led by Bipul Sinha, co-founder and CEO, Rubrik has developed a Cloud Data Management platform for data protection, search, analytics, archival and copy data management for hybrid cloud enterprises across all verticals, including the financial services, retail, legal, government, and healthcare. Rubrik has launched eight major product releases, supporting 15 different applications across multiple cloud platforms. Most recently, it announced Rubrik for AWS and Azure cloud native applications and data orchestration across clouds.
The company, which has more than 330 employees worldwide and is on track to add 70 to 90 additional hires each quarter, has built sales, marketing and support teams across five continents in the past year.