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This product aims to provide increased visibility and control over sensitive data, reducing the risk of data exposure. The technology was developed at Rubriks R&D center in Israel, established after acquiring Israeli startup Laminar for $105 million. This acquisition included $91 million in cash and the remainder in shares. The partnership with Microsoft is designed to help organizations adopt AI tools safely while maintaining data security. Rubriks collaboration with Microsoft is seen as a strategic move to address the growing need for data security solutions.","partners":["Microsoft"],"customers":[],"investors":[],"confidence":9,"key_topics":["Rubrik","Microsoft","Data Security","AI","Acquisition"],"date_of_event":"August 2023","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Acquisition"],"acquisition_amount":"105 million","structuredIssuesShow":"#Partners  #Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"I60RGvMqoOCiNUJsjkAinzmKQdUNiwfD3Ubiw3RTb0UCeRnxwtAfe0","news_summary":"The new product, Rubrik Data Security Posture Management (DSPM) for Microsoft 365 Copilot, was largely developed at Rubrik&#x27;s R&amp;D center in Israel, established after the acquisition of Israeli startup Laminar.","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"aXnOQEpBYw1Q4IrBFeqCdyVjnTebTE6LAcjkJHoFFRbTMP4Zn0OmrV","date":"Apr 5, 2024","link":"https://techcrunch.com/2024/04/05/rubrik-ai-governance-committee/","source":"techcrunch.com","visible":1,"analysis":{"tags":"AI Governance, IPO","company":"Rubrik","layoffs":"Not mentioned","summary":"Data management company Rubrik has established an AI governance committee as it prepares for its IPO. 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Rubriks AI product, a chatbot called Ruby, is built on Microsoft and OpenAI APIs.","partners":"Microsoft, OpenAI","customers":"Not mentioned","investors":"Not mentioned","confidence":9,"key_topics":["AI Governance","EU AI Act","Legal Scrutiny","Risk Management","Public Trust"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Public Trading","Management Changes"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Public Trading  #Management Changes","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"OaqVQJua0IakAO6ycVHYbymj4DPnFuG6cUGpy8FyusAgnVcM2xwQI9","news_summary":"Rubrik's IPO filing reveals an AI governance committee. 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Rubrik was valued at $4 billion after an investment made by Microsoft in 2021.","partners":"N/A","customers":["Nvidia","Home Depot"],"investors":["Microsoft","Insight Partners","Tiger Global","Salesforce Ventures","TLV Partners","Meron Capital","SentinelOne"],"confidence":9,"key_topics":["Acquisition","IPO","Investment","Cybersecurity","Revenue"],"date_of_event":"August 2023","valuation_amount":"$4 billion","impact_on_company":"growth-positive","investment_amount":"$67 million","structured_issues":["Acquisition","Public Trading","Investment"],"acquisition_amount":"$105 million","structuredIssuesShow":"#Acquisition  #Public Trading  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"U9kLTgpvdPinecrBt2IptsL5XfAZXKClKd5srXdEOmoXBjHsZr0Cpd","news_summary":"Cyber unicorn Rubrik files for IPO, reveals how much it paid for Israel's Laminar | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"1XZ6jmfhZEHKgnQenVzKXeey5MoCP00PC4Nsh2frh7slBEkI9Ych1W","date":"Aug 8, 2023","link":"https://www.calcalistech.com/ctechnews/article/h19qht123","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"Acquisition","company":"Laminar","layoffs":"None","summary":"Israeli cloud security startup Laminar has been acquired by US company Rubrik for an estimated $200-250 million. 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Rubrik, valued at $4 billion in 2021, has executed multiple acquisitions and plans to launch an IPO on Wall Street in 2024.","partners":"Not specified","customers":"Not specified","investors":["Insight Partners","Tiger Global","Salesforce Ventures","TLV Partners","Meron Capital","SentinelOne"],"confidence":"9","key_topics":["Cloud Security","Data Breach","Acquisition","Cybersecurity","Startups"],"date_of_event":"2023","valuation_amount":"$4 billion","impact_on_company":"growth-positive","investment_amount":"$67 million","structured_issues":"Acquisition","acquisition_amount":"$200-250 million","structuredIssuesShow":"#Acquisition","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"vjHgQEzVDZyMqV2OAQemym2OoAwVuTvn8KUxNbVs6ppr83lSjTau0I","news_summary":"Rubrik acquiring cloud security startup Laminar for $200-250 million | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"}],"extensions":null,"events":null,"hide_reasons":[{"id":"75T5aG1f0dpqYFonup40lXNjO046zUH82TaHW1TAiIMf9aYAsSOl0d","reason":"No relevant activity"},{"id":"7KVi9S7qqUtO0WCsFclwqBEZluejfNYqWC1Uhx0tPHtDxtvxPPaCPH","reason":"No longer active"},{"id":"hoyKAmu4YJEHmhtLwCdeFldSnDwaVbPXOnH0RA9hKHCzAcHO6OOrXd","reason":"Pending approval"},{"id":"TC54H7CXyKO8GmPECkbyKJf8n34r70JlfJTJHfo85exRpLaKI1Efs9","reason":"Pending approval - External entity"}],"timeline":[],"techcommunityinvolvement":null,"tags":["cyber-security"],"investments":[],"funds":[],"databases":[],"sharedspaces":[],"utilities":[],"contributors":[],"employeesworldwide":"1,001-5,000","fundingtype":"Multinational","parsedName":"Rubrik","logourl":"https://storage.googleapis.com/clean-finder-353810/$LTmJLpZr7kqvqPPV8a5ezqFYJ8bYUZmJWwE5xWeN5DDCU5l8YvDc1U.jpeg","oglogourl":"https://storage.googleapis.com/clean-finder-353810/$LTmJLpZr7kqvqPPV8a5ezqFYJ8bYUZmJWwE5xWeN5DDCU5l8YvDc1U.jpeg","teamMembersNumber":2,"nationality":"Foreign","communityinvolvement":[],"popup_claim_profile":"false","claimedBadge":"none","display":{"mainContact":"none"},"mainContact":{},"_eventview":{"publicoffering_exit":[],"privateequityfunding":[],"nonequityfunding":[],"merger_acquisitions":[],"others":[]}}