Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.Entertainmentread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
Two years ago, former venture capitalist Bipul Sinha had 25 developers working on his new start-up , aiming to revolutionize the boring data back-up space.
Rubrik now has 330 employees and Sinha said the company has just raised $180 million at a $1.3 billion valuation in an investment round led by Institutional Venture Partners.
Lightspeed Venture Partners, Sinha's former employer and the initial investor in Rubrik, raised a separate $95.5 million pool of cash, according to
Rubrik is playing on an emerging theme in the enterprise: bringing static data to life. Rather than storing big files away onto machines deep in the data center, Rubrik lets customers not only back up the information digitally but then put it to work. The company's data management product works across the various clouds and in servers on site to let businesses see how, where and by whom data is being used.
"We've woken up this sleepy market," said Sinha, who publicly launched Rubrik in March 2015.
Sinha said that the company reached annualized revenue of $100 million in January and could more than double that number this year. Rubrik is adding 70 to 90 employees a quarter and signing on a similar number of clients. The biggest contract was a $3.3 million deal from an insurance company, Sinha said.
Greylock Partners joined IVP and Lightspeed in the round. The funding hits just a few weeks after Rubrik rival announced a $90 million round led by GV, the start-up investing arm of Alphabet.