Does this means Rubrik is still at almost same evaluation as 2019 https://www.bloomberg.com/news/articles/2021-08-17/microsoft-invests-in-rubrik-to-protect-against-cyberattacks #startup #equity #rubrik #microsoft
Not grow as fast as before, but still promising.🙂
Does it work the way OP is asking though? That Rubrik after 2+ years is at same valuation?
No, secondary market price is 23 back to 2019, now it is 40+
I’m starting at Rubrik soon, I’m not so thrilled at this new valuation 😥
Why? Too high or too low?
It’s a small strategic investment, I wouldn’t read much into it from valuation perspective
I dunno, have they completely pivoted from who they were when I interviewed with them in 2018. Data center disaster recovery/backups -> ransomware protection?? All them hard LC questions with 2dimensional DP for no multiplicative growth in stock value? Bullet Dodge.
Neither is new valuation made public, nor is the investment put in by Microsoft. Don't believe these posts. I'm at Rubrik. To answer your question about "pivot", Rubrik's main product is still data management(backup, archival, recovery and data insights). Ransomware protection is a new add on.
Looks like we dodged a bullet if someone reads an article about expansion into a new industry and reads it as a pivot. 😂 We’ll be a part of the tech bubble post IPO as everyone is, don’t worry about us.
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I thought rubrik sucked
Why?