"Microsoft-Backed Cybersecurity Firm Rubrik Files for IPO with $354 Million Loss"

1 min read
Source: Bloomberg
"Microsoft-Backed Cybersecurity Firm Rubrik Files for IPO with $354 Million Loss"
Photo: Bloomberg
TL;DR

Cloud and data security startup Rubrik, backed by Microsoft, has filed for an IPO, revealing increasing revenue but also a $354 million loss. The company plans to list its shares on the New York Stock Exchange under the symbol RBRK, with the offering being led by Goldman Sachs, Barclays, Citigroup, and Wells Fargo.

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