Data startup Rubrik raises funds at $1.3b valuation

Data startup Rubrik raises funds at $1.3b valuation

Photo: REUTERS/Beawiharta

Rubrik, a maker of data backup and recovery software, said it raised $180 million, valuing the startup at $1.3 billion.

The investment round was led by Institutional Venture Partners and also included funds from Lightspeed Venture Partners and Greylock Partners. Palo Alto, California-based Rubrik has raised a total of $292 million and has now become a unicorn, a startup worth more than $1 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter