Microsoft-backed Rubrik is eyeing acquisitions to expand its India biz

economictimes.indiatimes.com:

Rubrik Inc is eyeing acquisitions as it expands India business cashing in on the large-scale data and digital growth story amid rising number of cyber attacks.

“We are very active in both organic and inorganic developments… Having a large presence in India gives us an unfair advantage, not only (on) the scale of talent, but also the ability to acquire and absorb companies here in India… We are looking at great ideas and products around cybersecurity, AI (artificial intelligence) and data security,” Bipul Sinha, chairman, cofounder and CEO of Rubrik, told ET.

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The US-based firm, which has had one-third of its global operations in India for over six years, is in talks with a few startups in India.

Sinha underlines that the future of the world is three things—data, AI and security. “So, you will continue to see investment and innovation in this market, and we (Rubrik) are sitting at the epicentre of all three as we apply AI directly into the business data to derive security,” he said.

The company is also partnering with a cyber insurance provider here. As large carriers of data, financial services firms have historically been ahead of the curve in adoption of intellectual property (IP) and cybersecurity given the tight regulatory framework, globally and in India, Sinha said.

On a mission to secure the world’s data, Rubrik believes that by 2025, the cybercrime business will be worth $10 trillion, making it the third-largest economy in the world.