Rubrik: Highlights of Most Recent Fiscal Year Ended
Annualized gross bookings run rate of $600 million driven by traction in enterprise market, and with nearly half of bookings from customers spending $1 million or more to date
This is a Press Release edited by StorageNewsletter.com on February 17, 2020 at 2:23 pmRubrik, Inc. announced highlights of its most recent fiscal year ended, January 31, 2020.
Over 2,500 enterprises and governments around the globe now rely upon the company’s Cloud Data Management solution that manages, governs and orchestrates data across data centers and clouds. The firm eliminates the plethora of disparate tools and disjointed processes required to address IT resilience, hybrid multi-cloud, automation and cyber-resilience.
“Through FY020, we delivered new capabilities to address the priorities of enterprise customers worldwide who are moving to cloud, driving digital transformation, and responding to new cyber threats,” says Bipul Sinha, co-founder and CEO, Rubrik . “We are pleased that a number of leading Fortune 100 businesses are seeing success with Rubrik.”
Leading global enterprises depend on Rubrik
A growing number of enterprises and governments choose the company to manage, govern and orchestrate their data across hybrid multi-clouds.
Among these customers are:
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3 of 4 Fortune 100 telecom companies;
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2 of 4 Fortune 100 defense and aerospace companies;
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2 of 3 Fortune 100 specialty retailers; and
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4 of 5 Fortune 100 insurance companies.
For customers, the firm delivers measurable benefits such as improved business resilience, increased IT agility, cost savings, and accelerated recovery from modern cyber threats such as ransomware.
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Meredith achieves digital transformation goals with Rubrik and AWS: One of America’s largest media companies and home of brands including People, InStyle and Allrecipes, Meredith Corporation uses Rubrik to securely tier data to AWS, while providing instant data accessibility to publication editors, producers, and designers. It also leverages the company’s solution to simplify data protection of its AWS EC2 environment and provide full data visibility and control of its hybrid cloud to avoid costly downtime, assist with meeting stringent compliance regulations, and ultimately protect the company’s bottom line.
“In the media industry, downtime could mean a magazine edition doesn’t go to print on time or a TV segment doesn’t run. From a business perspective, we see the benefits of adopting cloud as endless. Eliminating tape, embracing Rubrik, and migrating to the cloud was a bold decision, but also the right one for Meredith,” said David Coffman, director, enterprise infrastructure.
Growing ransomware threat driving strong demand
As the frequency of successful ransomware attacks such as WannaCry, NotPetya and others, continues to grow, governments and enterprises increasingly seek reliable recovery solutions.
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Rubrik for Ransomware, an integrated part of the its Cloud Data Management, delivers instant recovery with the natively-immutable backups. When paired with the company’s global search and API-driven automation, customers can recover complete data centers after a ransomware attack.
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- Polaris Radar, SaaS product for ransomware, adds ML-powered detection and pinpointing of ransomware attacks for faster and more accurate remediations, which in turn reduces business disruption.
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Kern Medical Center recovers from ransomware with Rubrik: As ransomware becomes increasingly sophisticated, successful attacks are more prevalent. To respond quickly, companies like Kern Medical Center are adopting a holistic ransomware response strategy.
“We were hit with a ransomware attack in June that infiltrated our environment and began encrypting data, rendering it unusable. The attack was discovered after an hour when users reported they couldn’t access their systems. Rubrik helped us quickly recover 100% of the systems it was protecting. After the incident, we were so impressed that we moved more of our legacy systems to Rubrik and are fully confident that Rubrik’s immutable backups will protect us from future incidents”, commented Craig Witmer, CTO.
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Rapid innovation
In FY20, the company continued innovation with the launch of Andes 5.0 and 5.1, and Polaris SaaS based applications Sonar and Rubrik for O365.
Andes addresses specific needs of large enterprises with benefits such as:
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VMware certified continuous data protection solution for near-zero RPO;
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Data classification for data compliance and governance;
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Database backup/recovery and cloning automation;
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SaaS driven cloud native application backup and recovery; and
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Performance for very large NAS environments, and integration with NetApp SnapDiff.
With Polaris SaaS-based applications, the company enables enterprises to centrally manage their cloud or on-premises data, and to utilize their data in innovative, new ways. Polaris SaaS applications introduced in FY2020 include: Polaris O365 Protection, Polaris AppFlows for DR Orchestration across clouds, and Polaris Sonar for integrated identification and reporting of sensitive or regulated data.
Enhancing customer experience
To better address the requirements of enterprise customers, the firm introduced new consumption models that delivered flexibility and reduced risk through subscription-based licensing, software-only licensing and license transferability to cloud. Customer demand for new subscription offerings introduced in FY20 has grown, with subscriptions accounting for nearly half of bookings by year end.
The company also continued to invest in its customer experience, achieving an third party certified NetPromoter Score (NPS) of 82. In addition, it also introduced named support and professional services for the enterprise market.
New hiring and expansion
The company hired several veteran industry leaders across product, engineering and sales in the fiscal year.
- Vinod Marur joined Rubrik as SVP, global engineering;
- Chendong Zou as VP, engineering, and
- Thomas Cornely as VP, products.
- Brett Shirk and Wendy Bahr as chief revenue officer and chief commercial officer, respectively.
The firm increased its commitment in the EMEA and APJ markets, recruiting new senior leadership and opening offices in Singapore and Tokyo. It segmented the US sales organization into commercial, enterprise and public sector teams under new leaders to better serve its broad array of customers, and opened a new office in Reston, VA.
Resources:
Meredith Corp uses Rubrik to protect data on-prem and in AWS.
Lamar Advertising relies on Rubrik to scale operations with reliable, instant data access
Kern Medical defends against ransomware and migrates to Azure with Rubrik
Ransomware Report: A Tale of Three Breaches (registration required)
Read also:
Calvin Hoon Regional Sales VP for ASEAN and India Region, Rubrik
Was at Talend, Cloudera and HPE.
February 4, 2020 | Press Release
Koichi Ishii Japan Country Manager, Rubrik
Served as executive officer and GM at VMware.
December 17, 2019 | Press Release
Meredith Adopts Rubrik and AWS
Eliminating need for tape
November 27, 2019 | Press Release
Australian ERM Power in Energy Business Chooses Rubrik
To replace tapes
November 4, 2019 | Press Release
Rubrik Opening Bangalore, India, R&D Center
For growing engineering team
October 28, 2019 | Press Release
Rubrik Cloud Data Management Technology Integration With NetApp SnapDiff APIs
Performance gains and autonomous, policy-driven data management for hybrid cloud environments
October 28, 2019 | Press Release
Joint Solution Between Rubrik and NetApp
Brings policy-based data management to cloud-scale architectures.
October 1, 2019 | Press Release
Rubrik Andes 5.1 for Governance, DR Orchestration, and CDP Markets
Including Polaris Sonar SaaS application discovers, classifies, and reports on sensitive data, and Polaris AppFlows SaaS application provides DR orchestration, DR testing, and application migration.
August 22, 2019 | Press Release
Smartodds Selects Rubrik and AWS
Reducing backup management time and eliminating tapes
July 16, 2019 | Press Release