14 Best New Tech Stocks To Buy Now

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12. Rubrik Inc. (NYSE:RBRK)

Market Capitalization as of September 13: $5.45 billion

Number of Hedge Fund Holders: 28

Rubrik Inc. (NYSE:RBRK) is a cloud data management and data security company that specializes in data backup, recovery, and protection. Its platform is designed to simplify data management for businesses, providing a unified solution for both on-premises and cloud-based data.

The company delivers complete cyber resilience. It combines DSPM (Data Security Posture Management) with cyber recovery, enabling cyber resilience. Its AI-powered architecture delivers data risk, data set, and rapid cyber recovery that is scalable. Other products can take up to 100 times longer for cyber recovery.

In the second fiscal quarter of 2025, a Fortune 500 European Automotive supplier selected Rubrik Inc. (NYSE:RBRK) as its de facto cyber resilience platform. Around the same time, an American multinational investment bank replaced a competing vendor with this company, and so did a US Insurance company. 28 hedge funds are long in this company as of June 30.

The company has achieved a 35-second recovery time compared to 5 hours. A Fortune 500 beauty leader expanded their RSC (Rubrik Security Cloud) footprint with Rubrik’s cloud-native protection for Azure.

Overall, revenue was $204.95 million in FQ2 2025, up 35% year-over-year. Revenue from the Americas grew 36% to $147 million. Revenue from outside the Americas grew 34% to $58 million.

Subscription average recurring revenue reached $919 million, up 40% year-over-year. Subscription revenue was $191 million, up 50% year-over-year, while subscription net revenue retention remained strong above 120%.

Management expects continued strong subscription ARR growth, despite potential headwinds from contract duration and payment terms. Plans to invest in R&D and drive innovation make the company well-positioned to become a leader.

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