Rubrik Unveils Plan for a New State-of-the-Art Office in Bangalore

Rhea-AI Summary

Rubrik (NYSE: RBRK) has announced plans for a new office in Bangalore, India, set to open in mid-2025. The facility will integrate product development, management, customer support, and global recovery operations. The expansion builds on Rubrik's presence in India since 2017, including its R&D centre established in 2019.

The company emphasizes its commitment to recruiting from India's top universities, noting its success in attracting ICPC International Collegiate Programming Contest World Finalists. The new facility will feature modern amenities including metro connectivity, fitness facilities, recreation areas, and culinary services capable of serving 1,500 meals daily.

CEO Bipul Sinha highlighted India's digital transformation and its strategic importance, with the country having over 941 million internet subscribers as of October 2024. The company maintains active sales and presales teams in Delhi, Mumbai, and Bangalore.

Positive

• Expansion into a key growth market with 941 million internet subscribers
• Strategic consolidation of multiple operations under one roof
• Track record of attracting top technical talent from prestigious competitions

Negative

• None.

Insights

Market Research Analyst

The planned Bangalore office expansion represents a strategic move in India's cybersecurity market, though not an immediate stock-moving event. With 941 million internet subscribers in India as of October 2024, the addressable market is substantial. However, the facility's 2025 opening and capacity to serve 1,500 meals daily suggests a moderate scale expansion rather than a transformative investment.

The emphasis on recruiting ICPC World Finalists indicates a focus on high-caliber talent acquisition in a competitive market. This talent strategy, combined with the facility's integration of product development, management and support functions, points to a comprehensive approach to serving the APAC region. While positive for long-term growth, the impact on near-term financial performance is likely minimal.

Tech Expert

The new facility's focus on agentic AI and cloud platform scaling aligns with emerging cybersecurity trends, but lacks concrete details on technological investments or R&D commitments. The consolidation of product development and global recovery operations suggests an attempt to streamline innovation processes and reduce operational friction.

For retail investors, it's worth noting that Rubrik's expansion since 2017 in India has coincided with significant growth in cyber threats and digital transformation initiatives. However, this office announcement, while indicating continued commitment to the market, doesn't introduce new products or revenue streams that would materially impact near-term valuation.

New facility to fuel innovation and ongoing effort to recruit from India’s top universities

BANGALORE, India--(BUSINESS WIRE)-- As part of its expansion plans in India, Rubrik (NYSE: RBRK), a cybersecurity company, today announces plans for a new office space in Bangalore to open in mid-2025. The new facility will combine product development, product management, customer support, and global recovery operations under one roof. Rubrik is committed to hiring talent from top universities in India as part of the expansion. Since 2017, many of the World Finalists in the prestigious ICPC International Collegiate Programming Contest have chosen to join Rubrik from their graduating class.

"India is in the midst of a massive digital transformation, and we believe there's a huge opportunity for Rubrik to help secure its digital future," said Bipul Sinha, CEO, chairman, and co-founder of Rubrik. "By investing in top engineering talent, we believe we will continue to create innovative solutions that enhance Rubrik's portfolio and support our global growth. Our new state-of-the-art facility will help meet these future plans."

Rubrik's journey in India began in 2017 with the opening of its first office in Bangalore, making India one of the key early markets in the APAC region. In 2019, Rubrik launched its state-of-the-art R&D centre in Bangalore, which now serves as a hub for data security and ransomware recovery innovation. In addition, the company has active sales and presales teams in Delhi, Mumbai, and Bangalore.

Since October 2024, India has more than 941 million internet subscribers.

"As data grows, so do AI-driven cyber threats, pushing organizations to innovate. The rise of agentic AI presents immense opportunities, especially for scaling AI on cloud platforms. India is a critical growth market for us, and to reflect its importance we’re also innovating in operations and support to enable our customers' success," Sinha added.

Rubrik's new office in Bangalore is being thoughtfully designed to prioritize the employees' comfort, wellness, and engagement - including:

• Connectivity: Seamlessly connected to the Bangalore Metro for convenient access.
• Fitness and Wellness: A fully equipped gym, changing rooms, showers, all-gender restrooms/showers, a wellness center, a mother's room, nap rooms, and a meditation room.
• Recreation and Entertainment: An entertainment lounge with a working café, pool tables, table tennis, and foosball.
• Culinary Services: A cafeteria and kitchen will serve 1,500 meals daily.
• In-house Barista: A dedicated coffee bar will help to keep everyone energized.

About Rubrik

Rubrik (NYSE: RBRK) is on a mission to secure the world’s data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.

For more information please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250108233091/en/

Media Contact:

Jessica Moore

Vice President of Global Comms at Rubrik

415.244.6565

Jessica.Moore@rubrik.com

Source: Rubrik

FAQ

When will Rubrik's (RBRK) new Bangalore office open?

Rubrik's new Bangalore office is scheduled to open in mid-2025.

What operations will Rubrik's (RBRK) new Bangalore facility house?

The new facility will combine product development, product management, customer support, and global recovery operations.

How many meals can Rubrik's (RBRK) new Bangalore office cafeteria serve daily?

The cafeteria and kitchen will have the capacity to serve 1,500 meals daily.

How long has Rubrik (RBRK) been operating in India?

Rubrik began its operations in India in 2017 with its first office in Bangalore.

What is the current internet subscriber base in India for Rubrik's (RBRK) market?

As of October 2024, India has more than 941 million internet subscribers.