Rubrik CEO discusses his journey from poverty in India to taking Rubrik public

may have been a down day for markets today but there's one stock doing pretty darn well that is rubric newly issued public company I should say in rubric let's get right to the co-founder and co bipple uh bipp sin who really big day for you guys congratulations thanks Brian it is so exciting to be here with for all the rubric employees customers Partners what a momentous day thank you so much for this opportunity I talked to one of your early uh investors over at uh light speed Ventures and he noted that it was an over subscribed IPO a lot of enthusiasm why do you think that's the case look every investor is looking for Quality asset to own the asset that has durability differentiated product in a large market and we have been preparing for this day for several years now and here we are we are ready Market was receptive we entered the market what were some of the biggest questions that investors gave you on the road show questions around uh what is the product technology what is the differentiation is that differentiation sustainable what is this why this market so hot what is the differentiated angle within cyber security because as you know the traditional cyber security there's a lot of vendors we are in a new cyber security which is all about recovering from cyber attacks and continue to run the business if you are a hospital you know that attacks will happen to you how do you keep the hospital going even when there is a successful attack so all the questions around is this fundamentally a long-term durable good business is it I hope so I hope so so talk to us about should investors view rubric as a pure play AI play look we are a cyber security company focused on data security but AI is a significant part of it as you know attackers are deploying AI to attack and we are deploying AI to defend we released a product called Ruby that is the AI data data defense and Recovery that uses generative AI to help the it operations team do cyber recovery it's all about productivity of the it Operations Security operations to deliver the cyber security outcome we're really I think uh in a special or interesting moment with AI I mean has really taken off it's a really in many respects an explosion and it's supposed to stay like that over the next decade you know how important will it be for companies to protect their data and how bad could cyber attacks get look AI fundamentally is based on data if you don't have integrity in your data if you don't have trust in your data AI is gar Garage in garbage out every business has to make sure that their core asset that is data is protected available on the right platform at the right time for the right duration for models to work for model to infer and give you business intelligence our focus is that your data is secure and available so that you can run AI as well as bi pipple you're also a a venture capitalist you've done a an engineer by training worked at Oracle right IBM you have to have some views on AI you know do you do you fear that AI will will be doing bad things look any technology that you pick there can be good use of Technology there is a bad use of Technology we are already seeing threat actors deploy AI to attack us more as we are increasing digital intensity in our life for example we get up in the morning check our phone use our phone to drive to work and as we do more of digital activities there will be more attacks and AI will be assist will be used to attack us that's why it's very important for good guys to use AI to for defense use AI for productivity use AI for more drug research more positive things and there is always a balance are we doing more good with AI or are we letting bad guys win with AI if the average investor come to yaho fundet today they might be coming across your company for the first time you have had a history of losses you noted that in the perspectiv within the next 3 years are you profitable look we are in a very very interesting Market it's a new kind of cyber security Market focus on Cyber recovery we have a differentiated product and we are creating a long-term value having said that profitability is Paramount we have path to profitability we are building profitable growth and we want to be a highly profitable business one thing stood out to me in your perspectiv and it was your letter at the top of that uh bipple you noted that maximal thinking is how you got out of poverty tell us a little bit about your person personal story I grew up in India my dad was an unsuccessful entrepreneur grew up extremely poor but he gave us this this idea that you can become anything you want to be and that idea is very powerful that belief that you have self agency you can take matter in your own hands and figure out a way out of change the situation 27 years ago came to America I called myself more American than American because I'm very passionate about America because think about a guy with $100 in the pocket Coming to America in 27 years uh going taking a company public how did you make it's an amazing Story how did you make it happen I read an interview maybe a couple months ago that you did you essentially founded rubric from coffee shops you were trying to find talent and you were set up next to Google and YouTube headquarters look at the end of the day all great companies are belt when the cool kids are not going in that direction when everybody is going in some direction there's no way value we identified backup and Recovery as a market that has not been innovated on for 20 years and our idea was to transform this Market transform this industry towards cyber resilience and cyber recovery because natural disasters don't happen every day cyber disasters are happening every day and that idea needed Top Class Engineers from Google and Facebook and other places and it was hard to recruit so we sat at the coffee shop called called people and convinced them that will amount to something and here we are this is a this must be a pretty wild experience for you from coffee shop actually from poverty to coffee shop to the Florida New York Stock Exchange has this sunk into you at all we are just the beginning look life Arc is bigger than what one things that happens to you obviously this is a momentous occasion it starts the ne next chapter for rubric but we believe that we have tremendous opportunity in front of us and as a company as a group of people we are here to take advantage of the opportunity and build a enduring company where do you see rubric a decade from now look if you if you think about it rubric is all about data and security of that data and if you think about ai ai is all about data AI is pulling data from all the nukes and crannies of enterprise we have all of the Enterprise data in a single data format with cyber security built into it we have amazing opportunity to Parlay this data to create the the future of generative Ai and that's that's those are the areas that we'll explore all right go go get some rest I know it's been a long few weeks for you bi s uh rubric uh CEO and and co-founder good to see you congratulations on public opportunity uh there you go Jared and Julie another top AI play coming to Market here a lot of folks that I've been talking to lately suggest this is a start of things to come that the IP Market is likely to come back in the second half of this year

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Length: 7min 25sec (445 seconds)

Published: Fri Apr 26 2024