Data management platform startup Rubrik announced Tuesday that it closed $261 million in new funding, in a deal valuing the company at $3.3 billion.
Rubrik CEO Bipul Sinha says that this funding means the company is opening a new chapter.
Chapter one for Rubrik was all about data backup and recovery, he says. Now, Rubrik is entering chapter two: machine learning, a foundational technology behind artificial intelligence.
Rubrik's revenue has grown quickly, but Sinha recalls that in the early...