0R15 7793.0 0.1028% 0R1E 7575.0 -1.8782% 0M69 None None% 0R2V 184.5 6.0345% 0QYR 1387.5 0.7991% 0QYP 405.5 -0.7344% 0LCV 141.03 0.952% 0RUK None None% 0RYA 1733.01 -1.0839% 0RIH 165.3 0.3643% 0RIH 165.3 0.3643% 0R1O 186.6 9945.7604% 0R1O None None% 0QFP None None% 0M2Z 299.0593 0.5664% 0VSO None None% 0R1I None None% 0QZI 450.5 2.7366% 0QZ0 220.0 0.0% 0NZF None None%

Kalkine IPO Report

Should You Subscribe to the IPO of Rubrik Inc?

Apr 23, 2024

The Offer

Company Overview

Rubrik Inc aims to protect global data with its Zero Trust Data Security approach, recognizing the inevitability of cyberattacks targeting data. The Rubrik Security Cloud (RSC) is developed with Zero Trust principles to secure data across enterprise, cloud, and SaaS applications, facilitating the detection, analysis, and remediation of data security risks and unauthorized user activities. The company's transition from Converged Data Management to Cloud Data Management (CDM) and finally to RSC reflects its dedication to innovation and customer-focused solutions. By shifting to subscription-based offerings, Rubrik prioritizes recurring revenue streams, with RSC becoming the primary revenue contributor. Revenue recognition is aligned with subscription terms, with the majority of sales structured as three-year terms with upfront payment. Rubrik continues to innovate its security product portfolio, introducing solutions like Threat Hunting, Threat Containment, and Cyber Recovery, to address evolving cybersecurity challenges and meet customer needs.

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