Rubrik, the enterprise startup that gives knowledge backup and restoration companies throughout cloud and on-premise environments, is placing a few of the funding that it raised final 12 months at a $1.three billion valuation to make use of. Rubrik has acquired NoSQL knowledge backup specialist Datos IO, the corporate introduced right this moment, in what seems to be Rubrik’s first acquisition.
The monetary phrases of the deal usually are not being disclosed (we’re asking) however in accordance with PitchBook it seems like Datos IO would have been valued no less than $45 million after its final spherical in Might 2017 (pre-money valuation of $40.5 million, with its closing spherical valued at $four.6 million).
Rubrik says that Datos IO will proceed to be led by its co-founder and CEO Tarun Thakur, and it’ll exist as a brand new enterprise unit known as Rubrik Datos IO.
Like Rubrik, Datos IO is a specialist in backup and restoration, however with a selected concentrate on NoSQL databases equivalent to MongoDB, Cassandra, Couchbase and Amazon DynamoDB, and different huge knowledge file programs like Cloudera and Hortonworks by means of its flagship product RecoverX. These are more and more getting adopted by massive, Fortune 500-type organizations — and Datos IO has grow to be a major participant, counting three of the Fortune 15 firms and the world’s largest residence enchancment retailer amongst its prospects. As such, Rubrik is shopping for Datos IO to assist increase its enterprise in that sector.
“As enterprises undertake NoSQL cloud databases to undertake digital transformation and AI initiatives, the necessity to handle and get better functions and knowledge is changing into high of thoughts,” mentioned Bipul Sinha, Rubrik’s co-founder and CEO, in a press release. “We’re excited to have Datos IO be a part of the Rubrik household to speed up innovation in how enterprises handle and get better this contemporary utility stack.”
Apparently, when Rubrik raised its massive spherical of funding in April final 12 months, Sinha mentioned that it was unlikely that he and the startup can be making any acquisitions consequently.
“This isn’t our focus,” he mentioned after I requested about shopping for smaller fish to increase the product providing. “We consider in innovation and are nonetheless a younger firm and need to proceed the tempo of acceleration.”
Nonetheless, when you think about Rubrik’s roots — primarily taking part in in that hole between massive firms’ present, legacy on-premise knowledge and workloads, and their newer cloud-based companies, offering a backup for the whole lot by means of an on-premise equipment — it’s notable that the corporate is shopping for Datos IO. It represents a leap ahead for Rubrik because it seems to tackle extra “new” deployments, if not altogether younger companies.
“We based Datos IO with a imaginative and prescient of constructing a next-generation knowledge administration platform for cloud-native knowledge sources to make sure elasticity, orchestration and knowledge mobility,” mentioned Tarun Thakur, Co-Founder and CEO, Datos IO, in a press release. “Datos IO delivers essential backup and restoration capabilities for cloud-native functions and databases. Rubrik and Datos IO share a standard imaginative and prescient of cloud knowledge administration and are dedicated to serving to prospects on their digital transformation journey.”
In different phrases, with increasingly more going into the cloud, Rubrik needed to comply with. Examples of features and companies which might be lined in Datos IO’s restoration and backup companies embody Web of Issues deployments, synthetic intelligence/machine studying platforms, real-time analytics, eCommerce, safety companies and cellular analytics.
One other level in frequent is that the 2 firms occur to share an investor, Lightspeed Enterprise Companions, the place Sinha has additionally labored as a enterprise associate for years. It’s not clear how a lot of a job Lightspeed performed in making the connection right here (we’re asking about this too).
In any case, Datos IO had caught the eye of a lot of different strategic gamers, with each Cisco and NetApp investing the corporate’s enterprise spherical in Might 2017. Different buyers embody True Ventures, CF, Engineering Capital and Semil Shah.
Rubrik itself has raised round $292 million up to now, with buyers together with IVP, Greylock, Khosla and Kevin Durant (sure, that Kevin Durant).
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