Reuters
The startup joins a list of companies that have seen strong debuts recently as initial public offerings bounce back on hopes of a soft landing for the economy, where inflation falls without a recession or big job losses. The rapid adoption of cloud applications for data storage and transfer has left businesses vulnerable to malicious attacks via the internet and boosted the appeal of cybersecurity firms. Palo Alto, California-based Rubrik provides data security solutions to more than 6,100 customers including appliance maker Whirlpool, snacks and beverages giant PepsiCo and investment bank Goldman Sachs.