Rubrik, a data cybersecurity company that raised more than a half-billion dollars while private, filed to go public after the bell on Monday.
As a private-market company, Rubrik last raised a lettered round in 2019 when it closed $261 million at a $3.6 billion post-money valuation, according to Crunchbase data.
However, subscription revenue grew 40% over the same period, rising from $385.3 million to $537.9 million.
The growth in its subscription revenue, and not its legacy revenues, is the engine that could propel Rubrik to a successful IPO.
A Silicon Valley storyRubrik’s potential IPO could prove a coup for Lightspeed Venture Partners, a well-known Silicon Valley venture capital shop.
Google hints that Apple is set to support RCS by this fallGoogle briefly showed a section on the new Google Messages page claiming that Apple is set to roll out Rich Communication Services (RCS) support for iPhones this fall.
This indicates that the iPhone maker is likely to extend RCS support in with the upcoming iOS 18 update.
“Apple has announced it will be adopting RCS in the fall of 2024.
Last November, Apple confirmed that it was working on adding support for RCS.
Google’s partial reveal about the RCS compatibility timeline for iPhones comes as the U.S. Department of Justice is starting a legal battle against Apple over the Cupertino-based company’s monopolistic practices.
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