Rubrik Raises $41M In Series B Funding For Appliance-Based, Enterprise Backup And Recovery

This week, Rubrik announced the finalization of $41M in Series B funding led by Greylock Partners with additional participation from Lightspeed Venture Partners and angel investors. In conjunction with the funding raise, Rubrik revealed its r300 Series Hybrid Cloud Appliance that is implemented alongside the company’s Converged Data Management Platform. Rubrik’s hybrid cloud appliance delivers enterprise backup and recovery services while allowing customers to take advantage of the economics of public clouds to not only backup data, but to also recover data from the cloud. The appliance frees customers from the need to manager servers, hard drives and backup software by delivering an integrated, highly scalable infrastructure for backing up on premise data and subsequently leveraging public clouds to supplement the appliance’s storage capabilities. This week’s funding raise brings the total capital raised by Rubrik to $51M and illustrates investor and market interest in converged infrastructures as evinced by Vapor IO and Mesosphere. Meanwhile, the capital raise also affirms the enduring vitality of innovative enterprise backup and recovery solutions that tap into enterprise interest in using public clouds for recovery purposes as well as backup in the vein of players such as Axcient.