Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Netskope hit $500M in annual recurring revenue, growing &gt;30% year-over-year through the worst SaaS downturn in years.</li><li>Sacra estimates that Netskope hit $487M in annual recurring revenue (ARR) at the end of 2023, up 49% year-over-year.</li><li>Both Zscaler and Netskope are growing 30%+ YoY through the worst SaaS downturn in years with 1) cybersecurity’s resistance to budget cuts, 2) continued enterprise migration to the cloud, and 3) the rise of generative AI as a data exfiltration risk surface.</li></ul>

Netskope hit $500M in annual recurring revenue, growing &gt;30% year-over-year through the worst SaaS downturn in years.Sacra estimates that Netskope hit $487M in annual recurring revenue (ARR) at the end of 2023, up 49% year-over-year.Both Zscaler and Netskope are growing 30%+ YoY through the worst SaaS downturn in years with 1) cybersecurity’s resistance to budget cuts, 2) continued enterprise migration to the cloud, and 3) the rise of generative AI as a data exfiltration risk surface.

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>Rubrik, a leading VC-backed security software company, filed for a long-awaited IPO in the United States, with Goldman Sachs, Citigroup, Barclays and Wells Fargo leading the offering. </li>
<li>The technology company is focused on data protection and helps organizations to protect their data and recover it in case of cyberattacks.</li>
<li>Rubrik was founded by Bipul Sinha, Arvind Nithrakashyap, Arvind Jain and Soham Mazumdar, and backed by VC investors, including Lightspeed Venture Partners, Greylock Partners and Khosla Ventures.</li>
</ul>


Rubrik, a leading VC-backed security software company, filed for a long-awaited IPO in the United States, with Goldman Sachs, Citigroup, Barclays and Wells Fargo leading the offering. 
The technology company is focused on data protection and helps organizations to protect their data and recover it in case of cyberattacks.
Rubrik was founded by Bipul Sinha, Arvind Nithrakashyap, Arvind Jain and Soham Mazumdar, and backed by VC investors, including Lightspeed Venture Partners, Greylock Partners and Khosla Ventures.


Rubrik IPO Preview and Valuation Analysis: 2024’s Hottest SaaS Investment Opportunity

<ul><li>Rubrik found product-market fit with a combined hardware-and-software appliance you installed next to your on-prem servers to perpetually back them up, simplifying procurement process for IT departments by charging one inclusive price for the whole bundle.</li><li>Rubrik switched focus 100% to the cloud, going after recurring subscription revenue and layering on value-add services around cybersecurity, particularly ransomware prevention, and compliance.</li><li>Rubrik’s current focus of subscription revenue grew 40% from $385M to $538M to become 86% of all TTM revenue, up from 39% in 2020.</li></ul>

Rubrik found product-market fit with a combined hardware-and-software appliance you installed next to your on-prem servers to perpetually back them up, simplifying procurement process for IT departments by charging one inclusive price for the whole bundle.Rubrik switched focus 100% to the cloud, going after recurring subscription revenue and layering on value-add services around cybersecurity, particularly ransomware prevention, and compliance.Rubrik’s current focus of subscription revenue grew 40% from $385M to $538M to become 86% of all TTM revenue, up from 39% in 2020.

<ul><li>Sacra estimates that Rubrik hit $784M in annual recurring revenue (ARR) in 2023, up 47% from $533M in 2022.</li><li>Rubrik’s Microsoft 365 SaaS offering is their fastest growing product, aided by a partnership the two companies signed in August 2021 and the 2,000+ mutual customers shared by them.</li><li>Rubrik has raised a total of $565.2M from investors like Bain Capital Ventures, Khosla Ventures, Microsoft and Lightspeed Venture Partners.</li></ul>

Sacra estimates that Rubrik hit $784M in annual recurring revenue (ARR) in 2023, up 47% from $533M in 2022.Rubrik’s Microsoft 365 SaaS offering is their fastest growing product, aided by a partnership the two companies signed in August 2021 and the 2,000+ mutual customers shared by them.Rubrik has raised a total of $565.2M from investors like Bain Capital Ventures, Khosla Ventures, Microsoft and Lightspeed Venture Partners.

<ul><li>Over time, we worked on merging these two worlds to create a product that now covers a broad range of requirements and serves the needs of various communities.</li><li>This is where attribute-based dynamic data masking, a key feature of the Immuta platform, becomes crucial.</li><li>Detect helps identify scenarios such as overprovisioned access or excessive querying by a single user during odd hours.</li></ul>

Over time, we worked on merging these two worlds to create a product that now covers a broad range of requirements and serves the needs of various communities.This is where attribute-based dynamic data masking, a key feature of the Immuta platform, becomes crucial.Detect helps identify scenarios such as overprovisioned access or excessive querying by a single user during odd hours.

Zachary Friedman, Associate Director Of Product Management At Immuta, On Security In The Modern Data Stack

United States

Rubrik, Inc. operates as a cloud data management and data security company. The Company offers a platform which helps enterprises to achieve resilience against cyber-attacks, malicious insiders, operational disruptions, cloud mobility, and regulatory compliance. Rubrik serves government, health care, education, legal, and financial industries worldwide.

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Rubrik (RBRK US)

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Zachary Friedman, Associate Director Of Product Management At Immuta, On Security In The Modern Data Stack

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