All articles tagged with #rubrik
Rubrik reported a narrower-than-expected Q2 loss and exceeded revenue expectations, with a 51% increase to $310 million, and raised its revenue outlook for the upcoming quarter. The company's subscription-based ARR also grew 36% to $1.25 billion, indicating strong demand for its data security and backup solutions. Despite a slight drop in stock price after hours, Rubrik's shares have gained 49% in 2025, reflecting investor confidence.
Rubrik, a data cybersecurity company, announced its acquisition of Predibase, a startup specializing in training and customizing open source AI models, to accelerate the adoption of AI agents in enterprises. The deal, estimated between $100 million and $500 million, aims to enhance AI development through integrations with major cloud platforms, reflecting a broader industry trend of companies acquiring AI-focused startups to strengthen their AI capabilities.
Rubrik's stock surged over 20% following a better-than-expected Q3 earnings report, with a narrower loss of 21 cents per share compared to analysts' expectations of 40 cents. Revenue increased by 43% to $236.2 million, surpassing estimates. The company's subscription-based annual recurring revenue reached $1 billion, exceeding forecasts, and management raised its fiscal 2025 guidance. Rubrik, which went public in April, has seen its shares rise 45% in 2024.
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.
Rubrik, a data security software vendor, has filed to go public on the New York Stock Exchange under the ticker symbol "RBRK," following a recent thawing of the IPO market. The Silicon Valley company, which now generates most of its revenue from cloud-based software, plans to offer IPO shares to certain partners, friends, and family members through a directed share program. With a revenue of $627.9 million and a net loss of $354.2 million in the latest fiscal year, Rubrik is backed by major shareholders including Lightspeed Venture Partners and Microsoft.