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Data management company Rubrik bags $261M in funding

Cloud data management company Rubrik Inc. raised $261 million in a series E investment valuing the company at $3.3 billion.

New investor Bain Capital Ventures LP and existing investors Lightspeed Venture Partners, Greylock Partners, Khosla Ventures LLC and Institutional Venture Partners participated in the round, according to a Jan. 15 news release.

Rubrik will use the funds raised to expand into new data management markets, to continue future innovation and to support the launch of new products planned for 2019. The company will also expand investment in go-to-market activities with its partners including tech giants Microsoft Corp. and Cisco Systems Inc.

The company said it has raised more than $553 million in equity funding to date.