Rubrik (RBRK) is a company that offers live data access for recovery and application development by integrating enterprise data management with web-scale information technology and eliminating backup software. Basically, Rubrik aims to end a decade-long innovation drought in backup and recovery, as businesses can easily manage huge data sets across private and public clouds.
Rubrik went public via an initial public offering (IPO) last month, as it priced its IPO at $32 a share. It sold 23.5 million shares and raised $752 million via the IPO, valuing the company at a market cap of $5.6 billion.
