Hello. Data-security company Rubrik is set to begin trading on the New York Stock Exchange on Thursday, priced at $32 per share.
There’s a lot of buzz about the company for its use of zero-trust principles to protect business data across private clouds, on premises and in software-as-a-service systems. One key idea, Chief Executive Bipul Sinha told me late last year, is to make companies more resilient after cyberattacks.
A lot of the financial and operations damage from a hack comes from shutting down tech systems to deal with it.
Sinha says the Rubrik Security Cloud monitors customer business data for threats and detects suspicious changes with the help of a time-series analysis. After a hack, customers are able to restore data—and operations—quickly by rolling back to conditions before the incident, he said. “You have to make sure you have the ability to continue business,” he said.
Rubrik has attracted notable support. Chris Krebs, former director of the U.S. Cybersecurity and Infrastructure Security Agency, is an adviser. So is Marene Allison, former CISO of Johnson & Johnson. Microsoft is an investor, and when the NYSE bell rings Thursday morning, the public will be as well.
More news below.
Note to readers: We want to make you aware of some changes to how WSJ Pro articles mentioned in this newsletter can be read. WSJ subscribers will continue to have access to these articles. Non-subscribers of WSJ or WSJ Pro will continue to receive this newsletter but will have to become a paid subscriber, going forward, to read our premium analysis and insights. Click here for details on becoming a WSJ Pro Cybersecurity member.
|