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Rubrik
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OVERVIEW

Many ransomware attacks target backups. That’s why it’s vital to ensure your backups are 100% protected and resilient. With zero trust data management no one is trustworthy. No user. No application. No device. To meet this new standard, data must be natively immutable so that it can never be modified, encrypted, or deleted by ransomware. Data needs to be ready at all times so you can recover what you need, and never pay a ransom.

Multipliers

(AS OF 25 OCTOBER 2021)
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Investment Attractiveness

  • Rubrik is a data protection platform for the B2B segment. The company is a leader in the Cloud Data Management market, as well as the world's first platform with a software and hardware complex that performs the functions of data backup and recovery;
  • The company was founded in 2014 by Bipul Sinha (partner at Lightspeed Ventures), Arvind Jain (ex-Google), Soham Mazumdar (ex-Facebook) and Arvind Nithrakashyap (ex-Oracle) in Palo Alto, California, USA;
  • Rubrik offers an integrated backup application with a scalable architecture that offers global deduplication and ease of expansion;
  • The company's technologies provide access to real data for recovery and application development by combining enterprise data management tools with web technologies without the need to use backup software;
  • Rubrik can back up data on VMware virtual machines, on physical Windows and Linux servers, on a Microsoft SQL server, and on a network-attached data storage. In August 2017 the company launched a technical support service for Hyper-V, Nutanix AHV, and Oracle running on physical servers;
  • Customer base: more than 3,200 global customers around the world trust Rubrik with their most valuable asset - their data;
  • Rapid global growth: Rubrik has more than 1,600 employees in more than 18 countries;
  • Product Expansion: Rubrik currently has more than 200 customers spending more than $1 m on its leading data management products.

Financial indicators

  • During 6 investment rounds, the company raised more than $553 m from the largest VC funds (Russel Cook, Lightspeed Venture Partners, Greylock, Next Play Capital, IVP, Khosla Ventures, Irving Investors, Bain Capital Ventures, MS & AD Ventures, Thirty Five Ventures and others);
  • The company’s bookings in 2020 amounted to $600 m – twice as much as in the previous year. According to analysts, the company's orders for 2020 will reach $900 m;
  • We value the company at $7.88 bn, with a price per share of $54.69. The expected IPO date is 2022.
Finantial Indicators

Roadmap to IPO

Earlier this year, the startup hired former Atlassian CFO Murray Demo as CFO, as well as new chief legal officer Peter McGoff. The founders do not say the exact timing, however, the appointment of new leaders in finance and law is a hint to investors about the upcoming IPO.

Roadmap

RLC Shares Terms

ISSUER: RLC 1 IC 3 LTD
DESCRIPTION: NPV NON VTG PTG
SEDOL: BNZFH10
FIGI: BBG0112J0G97
ISIN: GG00BNZFH108
CFICODE2015: ESNUFR
FIGI: BBG011S21LB1
BLOOMBERG TICKER: RLC1IC3 GU
SHARE CLASS NAME: PARTICIPATING SHARES
SUBMISSION#: 6961792521369813077
PLATFORM FEE: 5%
PERFORMANCE FEE: 20%