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Data Storage Startup Rubrik Raises New Funds Valuing it at $3.3 Billion

Bain Capital Ventures is new investor in the Palo Alto startup

Rubrik Inc., a maker of data backup and recovery software, raised $261 million in its latest funding round, valuing the startup at $3.3 billion as it expands into new data management markets. 

The investment involved Bain Capital Ventures, a new backer, as well as funds from existing investors such as Lightspeed Venture Partners and Greylock Partners. Rubrik has raised a total of more than $553 million, the company said Tuesday.