Rubrik, a Palo Alto, Calif-based cloud knowledge administration startup valued at greater than $3 billion, has acquired expertise and IP belongings from Igneous, a Seattle startup that laid off workers final month.
Founded in 2013 by veterans of Isilon Techniques and NetApp, Igneous’ platform gives visibility and storage for unstructured knowledge, or data that isn’t simply categorized, each within the cloud or on-premise.
The corporate went by an undisclosed number of layoffs in November and employed 69 individuals on the time; there at the moment are lower than 40 staff listed on LinkedIn. Igneous has raised $70 million to this point.
Rubrik raised $261 million at a $3.3 billion valuation in January 2019. The 6-year-old firm helps firms backup and shield their knowledge throughout numerous platforms.
“Combining the revolutionary expertise that Igneous has constructed with the ability and breadth of Rubrik’s platform will deliver the very best in school answer for unstructured knowledge administration to our clients,” Vinod Marur, SVP of engineering at Rubrik, mentioned in a statement. “We’re very excited to deliver the Igneous staff into the Rubrik household and allow our clients to appreciate the worth of their unstructured knowledge whereas lowering threat and optimizing IT useful resource utilization.”
Igneous was led by co-founder and former CEO Kiran Bhageshpur. He left the CEO function in June after “the chance to step again from my function because the CEO of Igneous introduced itself,” according to a blog post. Bhageshpur, who additionally left the board in November, is “taking a really prolonged break,” in response to his LinkedIn.
Dean Darwin, a former exec at F5 Networks and Palo Alto Networks, took over as CEO and president however he left that function in November, in response to his LinkedIn.