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Data management startup Rubrik confirms $180M round at a $1.3B valuation [TechCrunch Blog]

COMMVAULT SYSTEMS (CVLT)  More Company Research Source: TechCrunch Blog
Last commvault systems earnings: 1/24 07:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.commvault.com
PDF 0 SHARES Next Story Auto site Carvana tumbles 26% in stock market debut Rubrik , a startup that provides data backup and recovery services for enterprises across both cloud and on-premises environments, has closed a $180 million round of funding that values the company at $1.3 billion. The news confirms a report we ran earlier this week noting that the company was raising between $150 million and $200 million. IVP (as we noted sources told us might be the case) led the round, with Lightspeed and Greylock also participating. The funding, co-founder Bipul Sinha told us, comes as the company hit a $100 million runrate in January of this year. “We’ve had significant traction and wanted to double down to capture the market demand that we were experiencing,” he said. The company last year was valued at $600 million when it raised its last round of $60 million, and while it’s not yet pr [Read more]

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