Introduction
Rubrik was founded in December 2013 by Bipul Sinha, Arvind Nithrakashyap, Soham Mazumdar, and Arvind Jain, initially incorporated under the name ScaleData, Inc. before the founders renamed the company Rubrik in October 2014. Headquartered in Palo Alto, California, Rubrik built its early business on cloud data management and backup, with a specific emphasis on ransomware recovery as ransomware attacks became one of the most common and costly categories of cyber incident through the late 2010s and early 2020s. The company went public on the New York Stock Exchange under the ticker RBRK on April 25, 2024, pricing its IPO at $32 per share, raising $752 million at a $5.6 billion valuation, with shares climbing 16% on their first day of trading.
What the company does
Rubrik’s core platform, Rubrik Security Cloud, provides backup and recovery across enterprise data, cloud workloads, unstructured file data, and SaaS applications, combined with data threat analytics and data security posture management (DSPM) that help organizations understand where sensitive data lives and how exposed it is. The company’s central pitch has always been resilience: rather than only trying to prevent an attack, Rubrik focuses on ensuring an organization can recover a clean, unencrypted copy of its data quickly after ransomware or another destructive incident occurs.
Who it serves
Rubrik reports serving more than 6,100 customers across financial services, healthcare, retail, and the public sector, with a 100% subscription-based revenue model and subscription annual recurring revenue reaching $1.35 billion, up 34% year over year, as of its most recently reported quarter cited in company materials. Microsoft’s strategic investment in Rubrik in 2021, made ahead of the company’s IPO, reflected the growing importance large cloud providers place on ransomware recovery and data resilience for their own enterprise customers.
Company background
Bipul Sinha, who left his role as a partner at Lightspeed Venture Partners to co-found and lead Rubrik, has served as chief executive and chairman since the company’s founding and has described inviting all interested parties to board meetings as an act of ‘radical transparency.’ Rubrik’s IPO prospectus and subsequent public filings show a company still investing heavily in growth — reporting a net loss even as revenue grew — a pattern common among recently public, subscription-based security companies prioritizing market share and platform expansion over near-term profitability.
Product and AI capabilities
In June 2026, at its Rubrik FORWARD conference in Las Vegas, the company launched Rubrik Agent Cloud for Anthropic’s Claude Code and Claude Cowork, explicitly rebranding itself as the ‘Security and AI Operations Company.’ The centerpiece feature, Agent Rewind, traces an AI agent’s actions back to the specific prompt, plan, or tool call that caused an unintended outcome — such as an agent mistakenly dropping a production database — and then reverses just that action using technology inherited from Rubrik’s acquisition of fine-tuning company Predibase, without undoing unrelated, legitimate changes made elsewhere in the environment. A companion feature, Codebase Resilience, maintains continuous, immutable snapshots of GitHub and Azure DevOps repositories stored outside the repository itself, so that if an agent or an attacker force-pushes over commit history or deletes branches in a way version control cannot undo, Rubrik can restore a known-good state — effectively ransomware rollback applied to source code repositories. Separately, Rubrik Annapurna indexes and catalogs unstructured enterprise data across network storage and object stores so AI teams can pull specific subsets for training or inference without duplicating an organization’s entire data estate.
Key developments
Rubrik’s April 2024 IPO gave it public-company visibility and reporting discipline heading into a period of rapid AI-driven product expansion; by its most recently reported quarter, the company cited subscription ARR growth of 34% year over year and total revenue growth of 49% year over year. Its June 2026 Agent Cloud launch for Claude Code and Cowork marked a deliberate extension of Rubrik’s backup-and-recovery heritage onto an entirely new kind of risk — AI agents making unintended or malicious changes to code and data at a pace that traditional version control and observability tools were not designed to handle.
Why it matters
Rubrik’s Agent Rewind and Codebase Resilience features reframe a familiar cybersecurity capability — reliable backup and recovery — as a direct answer to a distinctly new problem: autonomous coding agents that can make destructive changes faster than a human could intervene. For Brel readers tracking how traditional security categories are adapting to agentic AI, Rubrik is one of the more concrete examples of a vendor treating an AI agent’s actions as simply another category of event that needs an audit trail and a rollback plan, rather than building an entirely separate AI-safety product from scratch.
Sector context
Within Brel’s cybersecurity coverage, Rubrik sits alongside data security posture management and backup vendors, and its expansion into AI agent governance connects it to the same agentic-AI risk category that vendors like Snyk are addressing from the code-scanning side rather than the backup-and-recovery side.
Sources and references
This profile draws on Rubrik’s official investor relations press release announcing Rubrik Agent Cloud, Rubrik’s Wikipedia entry for founding and IPO history, CNBC’s coverage of Rubrik’s April 2024 NYSE debut, and SiliconANGLE’s reporting on the June 2026 Agent Cloud launch.