Rubrik, a data backup company based in Palo Alto, California has announced a new strategic agreement with Microsoft to address the rising threats of ransomware attacks affecting enterprise customers. As part of the partnership, Microsoft has made an equity investment in Rubrik, with Bloomberg reporting that “the funding totaled in the low tens of millions and valued Rubrik at about $4 billion.”
Rubrik currently helps enterprise customers recover from ransomware attacks, automate data operations, and transition data to the cloud, and the company has already been working with Microsoft to support over 2,000 mutual customers using Azure across six continents. In the press release announcing the strategic agreement, a Microsoft exec said that the two companies will be providing Zero Trust data protection for hybrid cloud environments, including Microsoft 365.
Rubrik and @Microsoft to bring integrated #ZeroTrust data protection and automation to @Azure! Now, organizations can recover and defend against cyber threats and #ransomware with our powerful joint solutions 🎉 #RubrikAndMicrosoft https://t.co/rM8rzwdx1f pic.twitter.com/YbtCoQMPjL
— Rubrik, Inc. (@rubrikInc) August 17, 2021
“End-to-end application and data management is critical to business success, and we believe that integrating Rubrik's Zero Trust Data Management solutions with Microsoft Azure and Microsoft 365 will make it easy for customers to advance their Zero Trust journey and increase their digital resilience,” said Nick Parker, CVP of Global Partner Solutions at Microsoft.