RUBRIK IPO: S1 BREAKDOWN

Summary from the TLDR Founders newsletter

Rubrik, a data security and backup company, has filed for an IPO after raising $1.2B to date at a $4B valuation in 2021. While unprofitable with increasing losses, Rubrik has a strong product, $784M in ARR growing 47% YoY, 6,100 customers, 133% net dollar retention, and is riding tailwinds from exploding data growth and a shift to the cloud.