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Rubrik Surpasses $500 Million in Software Subscription ARR as Cyberattacks Continue to Threaten the Global Economy

Strategic Insights

— 1 min read

Cybersecurity threats, particularly ransomware, pose a profound challenge to businesses and governments worldwide. Rubrik, the Zero Trust Data Security Company, has announced it has secured over 5,000 customers globally. To expand its data security leadership, Mark McLaughlin, a distinguished cybersecurity veteran with 25 years of experience, has joined Rubrik's board of directors. Additionally, Rubrik has achieved a net dollar retention rate of over 140 percent and surpassed $500 million in software subscription annual recurring revenue (ARR). This growth demonstrates Rubrik's ability to retain customers and expand within its customer base.

Key Takeaways:

  • Rubrik has secured over 5,000 customers globally, highlighting the company's growing presence in the cybersecurity market.
  • Mark McLaughlin, a cybersecurity expert with 25 years of experience, has joined Rubrik's board of directors to support the company's leadership in data security.
  • Rubrik achieved a net dollar retention rate of over 140 percent, indicating a strong ability to retain customers and expand within its customer base.
  • Rubrik has surpassed $500 million in software subscription ARR, demonstrating the company's financial growth and success in the cybersecurity market.
  • According to a recent Rubrik Zero Labs report, IT and security leaders revealed their organization experienced 47 cyberattacks in the past year, or nearly one attack every week, highlighting the pressing need for effective cybersecurity measures.
  • Organizations need a holistic cybersecurity strategy to identify and rapidly recover from cyberattacks, and Rubrik's Zero Trust Data Security approach aims to deliver business resilience against cyber threats.

Statistics:

  • Rubrik has secured over 5,000 customers globally.
  • Rubrik has achieved a net dollar retention rate of over 140 percent.
  • Rubrik has surpassed $500 million in software subscription ARR.
  • Organizations experienced a total of 47 cyberattacks in the past year, or nearly one attack every week.
  • 140% net dollar retention rate for Rubrik.

Sources:

  • GlobeNewswire, "Rubrik Announces $500 Million in ARR and Continues Cybersecurity Momentum" (January 18, 2023)
  • Rubrik Zero Labs report
  • Khosla Ventures
  • Palo Alto Networks
  • Verisign
  • Qualcomm

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