Rubrik was founded in 2014 by Bipul Sinha and industry veterans Arvind Nithrakashyap, Arvind Jain, and Soham Mazumdar. What began as a cloud data backup company quickly attracted significant venture capital, raising over $1 billion from prestigious firms including Lightspeed, Bain Capital, and Greylock Partners. The company's strategic transformation from data backup to an elite cybersecurity solution provider has proven pivotal. By 2023, Rubrik had secured over 5,000 enterprise customers, including more than 40% of the Fortune 500. This transition, marked by the development of AI-powered ransomware protection and Zero Trust security offerings, has established Rubrik as a formidable player in the $200 billion cybersecurity market, with particularly strong growth in the enterprise segment. Rubrik went public on April 25, 2024, greatly improving its position in the market.