Rubrik

MGMT/Monitoring
Updated

Rubrik, founded in 2014 by Bipul Sinha, Arvind Jain, Soham Mazumdar, and Arvind Nithrakashyap, went public in April 2024 on the NYSE (ticker: RBRK) at a $5.6 billion valuation; its market cap has since topped $17 billion.

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Multi-cloud data backup, recovery, and identity management platform with cyber resilience and ransomware protection.

Rubrik, founded in 2014 by Bipul Sinha, Arvind Jain, Soham Mazumdar, and Arvind Nithrakashyap, went public in April 2024 on the NYSE (ticker: RBRK) at a $5.6 billion valuation; its market cap has since topped $17 billion. The company operates a cyber resilience platform combining data backup, threat detection, and recovery—marketed to prevent ransomware and data loss across on-premises, hybrid, and multi-cloud infrastructure.\n\nCEO Bipul Sinha reorganized Rubrik's 3,000-plus employees into two distinct units: one pursuing riskier new opportunities, the other scaling proven products. This structure underpins the company's 2025 AI pivot.\n\nFinancially, Rubrik shows sustained momentum.

For fiscal 2026 (year ending January 31, 2026), the company posted $1.32 billion in revenue (up 48% year-over-year) and $1.46 billion in subscription ARR (up 34%). By Q3 FY2026 (October 31, 2025), ARR had grown to $1.35 billion with 2,638 customers holding $100K+ in ARR—a 27% increase year-over-year. Over 40% of the Fortune 500 are customers.

Gross margin stands at 80.5%; Q3 free cash flow was $76.9 million.\n\nThe core product, Rubrik Security Cloud, is a zero-trust architecture protecting data across Microsoft 365, Salesforce, AWS, Google Cloud, Azure, PostgreSQL, and other platforms. It includes Identity Recovery for hybrid identity environments, DevOps backup capabilities (GitHub, Azure DevOps), and hypervisor protection.\n\nIn 2025, Rubrik made two major strategic moves. In June, it acquired Predibase—a model fine-tuning startup founded by AI technologists from Google and Uber—for an estimated $100–500 million to accelerate agentic AI adoption from pilot to production.

In October, it launched Agent Cloud, a control layer for AI agent lifecycle management with monitoring, governance, and remediation. These moves position Rubrik as a cyber resilience vendor expanding into enterprise AI governance.\n\nGartner named Rubrik a Leader in its 2025 Magic Quadrant for Backup and Data Protection Platforms. IDC named it a leader in the Worldwide Marketscape for Cyber Recovery.

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Who buys this

  • Enterprise organizations: 40%+ of Fortune 500 with $100K+ annual subscription contracts
  • Financial services and heavily regulated industries requiring immutable, air-gapped backups
  • Cloud-native enterprises running AWS, Azure, or Google Cloud with multi-platform data protection needs
  • Microsoft 365 and SaaS-dependent organizations requiring backup and account recovery
  • Organizations pursuing agentic AI adoption needing AI agent monitoring and governance

Strengths and what to watch

Strengths

  • 34% year-over-year subscription ARR growth with 48% revenue growth and 80.5% gross margin post-IPO, demonstrating profitable scaling
  • Only traditional backup/recovery vendor to IPO with $600M+ in revenue at listing; Gartner Magic Quadrant Leader and IDC Marketscape leader
  • Expanding AI governance footprint through Predibase acquisition and Agent Cloud launch, addressing growing enterprise need for AI agent control and remediation

Watch for

  • Unconfirmed sales organization layoffs for Q4 2025 noted in Glassdoor reviews; no official headcount disclosure in SEC filings suggests potential margin pressure or restructuring
  • Intense competition from Veeam, Cohesity, and others in backup/recovery market; Rubrik must sustain premium valuation through continued ARR growth as competitors expand AI capabilities
  • Customer concentration risk: top 10% of customers likely represent disproportionate ARR; vulnerability to churn if enterprise backup spending tightens amid IT budget pressure

Recent moves

Key Information

Industry
MGMT/Monitoring
Founded
2014
Headquarters
United States

Frequently Asked Questions

What is Rubrik?

Rubrik is a cyber resilience platform providing multi-cloud data backup, recovery, and ransomware protection. Founded in 2014, it went public in April 2024 and serves over 40% of Fortune 500 companies with integrated threat detection, recovery, and identity management across on-premises, hybrid, and cloud infrastructure.

What are Rubrik's main products and features?

Rubrik Security Cloud protects data across Microsoft 365, Salesforce, AWS, Google Cloud, Azure, and PostgreSQL using zero-trust architecture. It includes Identity Recovery for hybrid environments, DevOps backup for GitHub and Azure DevOps, and hypervisor protection, enabling comprehensive multi-platform data resilience.

How fast is Rubrik growing?

Rubrik reported fiscal 2026 revenue of $1.32 billion, up 48% year-over-year, with subscription ARR of $1.46 billion, up 34% annually. By Q3 FY2026, ARR reached $1.35 billion with 2,638 enterprise customers holding $100K+ annual subscriptions, demonstrating sustained profitable scaling momentum.

What is Rubrik Agent Cloud?

Agent Cloud is Rubrik's AI governance platform launched in October 2025 to monitor, govern, and remediate enterprise AI agent actions. Built on the Predibase acquisition, it provides lifecycle management capabilities for AI agents, addressing growing enterprise demand for AI governance and control.

Why did Rubrik acquire Predibase?

Rubrik acquired Predibase in June 2025 for an estimated $100–500 million to accelerate enterprise AI agent adoption from pilot to production. Predibase, founded by AI technologists from Google and Uber, enables model fine-tuning, simplifying AI model management and integration into Rubrik's security ecosystem.

Who are Rubrik's main customers?

Rubrik serves 40%+ of Fortune 500 enterprises, with over 2,600 customers paying $100K+ annually. Primary segments include financial services and regulated industries requiring immutable backups, cloud-native organizations running AWS/Azure/Google Cloud, Microsoft 365-dependent companies, and enterprises adopting AI agents needing governance.

How Rubrik compares

Direct head-to-head against 3 competitors. Picked by 7wData.

This company

Rubrik

Positioning
Multi-cloud data backup, recovery, and identity management platform with cyber resilience and ransomware protection.
Customer segments
Enterprise organizations: 40%+ of Fortune 500 with $100K+ annual subscription contracts
Strengths
34% year-over-year subscription ARR growth with 48% revenue growth and 80.5% gross margin post-IPO, demonstrating profitable scaling
Watch for
Unconfirmed sales organization layoffs for Q4 2025 noted in Glassdoor reviews; no official headcount disclosure in SEC filings suggests potential margin pressure or restructuring
Recent moves
Rubrik acquires Predibase (AI model fine-tuning startup) for estimated $100–500 million to accelerate agentic AI adoption and simplify data + model management

Veeam

Positioning
Data resilience platform serving 550,000-plus organizations across VMware, Microsoft, cloud, and SaaS workloads. Gartner Peer Insights Customers Choice 2026.
Customer segments
Mid-market to large enterprise IT teams protecting VMware, Microsoft, and cloud workloads. Managed service providers scaling backup-as-a-service delivery.
Strengths
Certified workload coverage spanning VMware, Linux, Microsoft 365, and public cloud, backed by a 550,000-plus customer install base.
Watch for
Annual 4-8% price increases plus licensing model migrations documented on G2 and Gartner Peer Insights, creating renewal budget unpredictability for enterprise customers.
Recent moves
Acquired Securiti AI for $1.7 billion in October 2025 to add data security posture management and AI governance capabilities.

Cohesity

Positioning
Largest data protection software provider after Veritas merger. 13,600-plus customers, 85% Fortune 100, 100-plus exabytes under management.
Customer segments
Fortune 100 and Global 500 enterprises with complex on-premises, multi-cloud, and hybrid data protection needs. Regulated industries globally.
Strengths
Post-Veritas install base covers 85% Fortune 100 and 70% Global 500, the widest enterprise data protection footprint by customer count.
Watch for
Competitors poached Veritas accounts during the 2024 integration freeze. Product roadmap unification across two legacy enterprise platforms remains an active execution risk.
Recent moves
Completed acquisition of Veritas NetBackup business in December 2024, becoming the world's largest data protection software provider by market share.

Commvault

Positioning
Enterprise cyber resilience platform covering backup, recovery, and AI data governance. Positioned as the compliance benchmark for regulated industries.
Customer segments
Global 2000 enterprises in financial services, healthcare, and government with hybrid, multi-cloud, and compliance-heavy data protection requirements.
Strengths
Metallic SaaS portfolio integrated across cloud and on-premises endpoints. Deep compliance tooling covering data protection mandates across 60-plus countries.
Watch for
CFO Jennifer DiRico departed end of 2025. Replacement Gary Merrill named April 2026, creating a finance leadership transition during a competitive market period.
Recent moves
Acquired Satori Cyber in August 2025 to add structured data access control and LLM prompt monitoring for AI data governance.

Sources

  1. techcrunch.com — Predibase acquisition price range ($100–500M), founders, and strategic rationale for agentic AI acceleration
  2. www.sophos.com — August 2025 partnership details, Microsoft 365 backup and recovery capabilities, integration into Sophos Central MDR platform
  3. siliconangle.com — Agent Cloud launch, monitoring and governance capabilities, Predibase integration for AI agent lifecycle management
  4. www.businesswire.com — AWS strategic collaboration agreement (November 2025), cyber resilience and secure AI adoption focus, Cloud Vault offering
  5. www.rubrik.com — Q3 FY2026 financial results: revenue $350.2M (up 48%), ARR $1.35B (up 34%), 2,638 customers with $100K+ ARR, gross margin 80.5%
  6. finance.yahoo.com — Full-year fiscal 2026 results: revenue $1.32B (up 48%), subscription ARR $1.46B (up 34%), net new ARR $115M