Global cybersecurity solutions provider Rubrik has announced that its software subscription annual recurring revenue (ARR) has crossed $400 million to date, increasing by more than 100% year over year. Based on its capacity to keep clients and grow within the customer base, the firm has a net dollar retention rate of more than 140 percent.
Over 4,500 clients would rely on Rubrik today to help them safeguard their data and keep their businesses running. Some examples of these clients include BMO Financial Group, Citigroup, Estee Lauder, Fiserv, The Home Depot, and many more.
“There is no industry, government, or company that is immune to cyberattacks. These threats continue to increase in volume and sophistication and have the power to bring entire organizations to their knees,” said Bipul Sinha, CEO and Co-Founder of Rubrik. “We are striking a chord with organizations globally because they need a better strategy to protect their data. With Rubrik, they are better able to secure their business from ongoing cyber events.”
Rubrik Zero Labs
Rubrik also announced the introduction of Rubrik Zero Labs, a new cybersecurity research division inside Rubrik that will monitor the worldwide threat landscape, report on newly developing data security concerns, and provide enterprises with data security best practices and insights based on research.
Rubrik has named Steven Stone as the Head of Rubrik Zero Labs. Rubrik’s new data threat research unit will be responsible for identifying actual intrusions from a variety of threats, such as ransomware attacks and data breaches caused by espionage, and educating customers and partners about the best ways to proactively manage risk in their business operations.
Mr. Stone has more than 15 years of expertise in threat intelligence, working for companies like Mandiant/FireEye and IBM as well as the American military and intelligence services. His most recent position was Vice President of Adversary Operations at Mandiant, where he oversaw international teams in charge of adversary tracking, attribution, and data gathering activities.
“Data and insights are critical for understanding, responding, preventing, and recovering from cyber events. In many cases, the data aspects are the least understood across the threat landscape, and we want to close this delta,” said Steven Stone. “Comprehensive threat intelligence will enable organizations to make informed decisions so they can be prepared for a full swath of cyber threats. I’m thrilled to pioneer the data threat intelligence unit at Rubrik and help to deliver valuable insights to our customers and the cybersecurity industry so that together we can stay ahead of the evolving data threat landscape.”