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Success of Dell Technologies: The Leadership Journey of Michael Dell Michael Dell, founder and CEO of Dell Technologies, turned a dorm room business into a global tech leader through innovation and strategic mergers. #AIcapabilities #boostsoftware #artificialintelligence #generativeAI #softwaredelivery #dataanalytics #genAI #cloudinfrastructure  #cloudupdates #ITmodernization #digitaltransformation #ITtrends #cybersecurity Read the article to know more:

Following an almost 21% surge in its first trading session on the New York #Stock Exchange, Rubrik, a cybersecurity company sponsored by Microsoft, is now valued at $6.77 billion. The firm now joins a group of businesses that have enjoyed successful IPO returns in the wake of expectations for a soft landing, that is, a decline in inflation without a recession or significant job losses. Businesses are now more susceptible to hostile online assaults due to the quick adoption of cloud apps for data transit and storage, which has increased demand for cybersecurity #services. More than 6,100 clients, including the world's largest snack and beverage company, PepsiCo, investment bank Goldman Sachs, and manufacturer of appliances Whirlpool, rely on Palo Alto, California-based Rubrik for data protection solutions. Rubrik, formerly known as ScaleData, is a rival to companies that provide data #management and security, such as IBM, Dell EMC, Cohesity, Commvault, and Veeam. Despite being created in late 2013, Rubrik didn't start providing #goods and services until the fiscal year that concluded on January 31, 2016. Bipul Sinha, a venture partner at Lightspeed Venture Partners, a Silicon Valley technology investment firm, serves as its CEO and co-founder. In 2021, Microsoft contributed ownership to Rubrik as part of a $4 billion funding deal for the firm. The startup has also received backing from venture capital companies Greylock #Partners and Lightspeed. Rubrik sold 23.5 million shares for $32 apiece, beyond the $28 to $31 range company had previously promoted, in its enlarged initial public offering (IPO), raising $752 million. A syndicate of over a dozen banks, including Wells Fargo #Securities, Barclays, Citigroup, and Goldman Sachs, underwrote the IPO. www.tycoonstory.com #RubrikIPO #rubrik #CybersecurityStock #CloudSecurity #SoftLanding #IPOMarket #EconomicRecovery #CloudVulnerability #DataProtection #CybersecurityNeeds #EnterpriseSecurity #RubrikClients #DataSecuritySolutions #cybersecurity #datasecurity #cloud Rubrik Microsoft Prayag Jain Mohan Raghu Garimella Dipendra Singh Harkirat Singh Sahil Jain

Here's why Wiz's rejection of Google's $23 billion acquisition offer is a pivotal moment for cybersecurity: 1) Market Validation and High Valuation: Google's willingness to pay 46x Wiz's forward revenue underscores the immense value that cloud security companies hold for major tech firms and should hold for public market investors, given their growth potential. Consider that CrowdStrike currently trades at 46x operating free cash flow. 2) Investor Confidence and ARR Track Record: Wiz has demonstrated phenomenal growth since its inception in 2020, achieving $500 million in ARR within 4.5 years (world record for a cybersecurity firm). The rejection of Google's offer indicates that Wiz's shareholders believe the company holds significant IP. 3) Industry Dynamism and Growth Potential: Wiz's rapid growth trajectory demonstrates that dynamism is still alive in the cybersecurity industry, especially at a time when we've seen muted investor sentiment and an increasing belief that the sector has reached a saturation point. Assaf Rappaport's Leadership: Assaf Rappaport, co-founder and CEO of Wiz, has shown exceptional leadership by guiding the company through this rapid growth since founding the company just 4.5 years ago. His decision to pursue an IPO reflects his confidence in Wiz's potential. Rappaport has also achieved previous success with Adallom, which was sold to Microsoft in 2015. His goal of achieving $1 billion in ARR before an IPO highlights a disciplined approach to organic growth and value creation, and also underscores his confident in Wiz's team and their ability to execute. IPO Pipeline: Wiz's confidence in pursuing an IPO will send a strong message to other companies in the cybersecurity IPO pipeline. The choice to reject consolidation into a larger entity like Google suggests that the cybersecurity sector is not yet ready for consolidation into a small number of dominant players (we're not yet going to see a Cyber-Mag8!) Valuation Disparity: We note a significant disparity in valuation between private cybersecurity companies and their public counterparts. Yes, this valuation gap has been exacerbated by a broader sell-off in the cybersecurity stocks following the recent CrowdStrike incident, however, historically, valuation convergence between public and private markets has been observed. Therefore, we believe now may present an attractive entry point. After all, the world is only going to get more digital, to paraphrase the wise words of Confucius. ARK Invest Europe ARK Investment Management LLC Tematica Research Foxberry Ltd

Summary: Rubrik, a data cybersecurity company, has filed for an IPO after raising over half a billion dollars while private. This could indicate a warming IPO market for tech companies. Key takeaways: Rubrik has shown moderate growth with increasing subscription revenue, which has helped boost its gross margins. Despite its recurring revenue and improving gross margins, Rubrik still faces significant losses. The company's ties to Silicon Valley A-listers, including a former partner at the venture capital firm that led its Series A, highlight the personal networks that can have an impact on raising capital. Counter arguments: Rubrik's steep losses may deter investors, especially as the shift from licenses to a subscription model can be costly. The company's cash burn may also be a concern, although its upfront collection of ratable revenue has helped limit its net operating cash outflows. #IPO #publicmarkets #tech

Sizable transactions took place globally in the past week, with AuditBoard being acquired by Hg for $3 bn and machine identity management company CyberArk $1.5 bn acquisition by Venafi The AI capital raising space continued to show strong momentum, with DeepL’s latest $300 mn funding round and Scale AI’s $1 bn Series F at over $13 bn valuation led by Accel, with the participation of relevant strategic players such as Intel Corporation, Cisco and AMD. Other notable transactions of the week were: - Flipkart’s $350 mn corporate round at a $36 bn valuation, backed by Google - KKR’s $150 mn investment in Infinx - Farcaster’s $150 mn Series A at a $1 bn valuation, led by Paradigm - Suno’s $125 mn Series B round led by Lightspeed - Vitesse PSP Limited’s $93 mn Series C round led by KKR - Coactive AI’s $30 mn Series C, co-led by Cherryrock Capital and Emerson Collective Feel free to contact us in case you want to learn more about the tech landscape in LatAm or discuss any strategic or financial advisory needs. #LatAmTech #TechTransactions #Tech #Technology #InvestmentBanking #MergersAndAcquisitions #CapitalRaising #FundingRounds

Leaving the mothership? Divesting from a parent company has a ton of complexity. From operations, HR, legal, and finance, you've got a lot to figure out. Then, you also have to plan and execute the IT migration. It's like buying a new car. While driving your existing car, and jumping over while everything is still in motion. Data, services, integrations, capabilities all have to be maintained (or improved). Security can't get lost in the shuffle. I've architected successful divestitures for major finance companies and utility billing companies. They were able to architect a greenfield cloud environment, migrate all data, and with a single weekend cutover, be up and operating on a Monday in their new world. Facing similar issues? It doesn't take a divestiture to need to do the same thing. Are you looking for temporary leadership to support your team to ensure success? If so, let's talk!

### The Biggest Merger and Acquisition Activities in the Artificial Intelligence Space in the Last Financial Year ### ____________________________________________________________________________________ The last financial year has been a landmark period for mergers and acquisitions (M&A) in the Artificial Intelligence (AI) space. As AI continues to revolutionize industries, major tech companies have strategically acquired AI startups and established firms to enhance their capabilities and secure a competitive edge. Here are some of the most notable M&A activities in the AI sector from the past year: 1. **Microsoft Acquires Nuance Communications** In one of the most significant deals, Microsoft acquired Nuance Communications for $19.7 billion. Nuance is a leader in conversational AI and speech recognition, widely recognized for its contributions to healthcare AI solutions. This acquisition aims to bolster Microsoft's healthcare cloud strategy and expand its AI offerings across various sectors. 2. **NVIDIA Acquires Arm Holdings** NVIDIA's $40 billion acquisition of Arm Holdings has been a headline-maker. Although pending regulatory approvals, this deal is poised to transform the AI landscape. Arm's technology is pivotal in mobile device processors, and combining it with NVIDIA's AI capabilities could lead to groundbreaking innovations in data centers, IoT, and edge computing. 3. **Google Acquires Mandiant** Google's $5.4 billion acquisition of Mandiant, a cybersecurity firm specializing in AI-driven threat detection, underscores the importance of AI in cybersecurity. This acquisition will enhance Google's cloud security services, providing robust protection against sophisticated cyber threats. 4. **Apple Acquires Xnor.ai** Apple continues to strengthen its AI portfolio with the acquisition of Xnor.ai for approximately $200 million. Xnor.ai specializes in edge AI, enabling efficient AI operations on devices without relying on cloud computing. This acquisition aligns with Apple's focus on enhancing on-device AI capabilities. Cont................ #ArtificialIntelligence #MergersAndAcquisitions #TechNews #Innovation #AI #Microsoft #NVIDIA #Google #Apple #Facebook #Amazon #IBM #Salesforce #NuanceCommunications #ArmHoldings #Mandiant #XnorAI #Kustomer #Zoox #Instana #Slack #BusinessStrategy #DigitalTransformation

Reputation matters in business—and the annual Fortune World’s #MostAdmiredCompanies list is the ultimate reputation power ranking. bit.ly/490aExV The more than 3,700 executives, directors, and analysts polled in this effort by our partners at Korn Ferry have a good sense of how they are viewed by the people who matter. So what can we learn from this year’s list? Well first of all, when it comes to reputation, tech rules. Apple is No. 1, Microsoft No. 2, and Amazon No. 3. “But that’s why I think special credit should be given to legacy companies who continue to rank well,” writes Fortune CEO Alan Murray.

Founded in 2013, Rubrik has developed a data management and security SaaS platform for enterprises and has become a market leader in cyber-resilience. The Company went public in the first IPO of 2024 on the NYSE under the “RBRK” ticker on April 25, 2024, raising $752m at an implied valuation of $5.6b (i.e., 6 times forward sales). I breakdown Rubrik’s S-1 using our firm's #AdvancedGrowthIntelligence methodology whose performance should provide broader insights into the appetite for tech public offerings, and more specifically on that of high-growth unprofitable tech companies. ❓ To what extent will public investors prefer high-growth (Subscription revenue is growing at an impressive 47%) vs. profitability? Is Rubrik's growth sustainable over the long-run? #tech #ipos #SaaS #publicmarkets D'Ornano + Co.

💼 Is Rubrik Ready to Revolutionize Data Security? 💰 Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., is making waves with its upcoming IPO, aiming to raise a substantial $713 million. With big players like Goldman Sachs, Barclays, Citigroup, and Wells Fargo & Co. leading the offering, investor interest is palpable. 🔒 As I've highlighted before, in my previous post about Rubrik, their decision to go public is a big deal. It shows they believe in themselves and their ability to grow. Plus, their partnership with Microsoft is a smart move. It means they're serious about making sure data stays safe online. 🚀 Rubrik's IPO is more than just a financial event. It's a story of hard work and innovation. With strong leadership and smart partnerships, I believe that Rubrik is ready to make a big impact in the world of data security. What's your take on this upcoming IPO? Share your thoughts in the comment section 👇 #IPO #Rubrik #Tech #Investing #datasecurity #cloudsecurity #startup #Microsoft #Finance #Business Learn more: https://lnkd.in/dfK4gh9y