one of the key backers is greylock. we have greylock's partner with us. at the stock exchange ringing the bell and celebrating. how does it feel ultimately to see an early payoff like that? >> thanks so much for having me. the honest answer when you back a company very early, you don't really fully know what lies ahead. i would say this company is a story of an exceptional leadership team, an exceptional leader targeting a very large market. early on in the company's history, it was very clear the size of the markets they were targeting. and then the quality of the people. caroline: and i think what's interesting more broadly about the direction of travel with rubrik is they have popped and increased and there are other cybersecurity companies in your portfolio eying the market, but it is also the juggernaut that is microsoft. microsoft said it is still making strides in cybersecurity interlaced with generative ai. how much room is there for the element of competition? >> cybersecurity is a secular growing market. these markets have become very large. it

this is one that is backed by lightspeed and greylock.both were the top shareholders in the filing. they are backed by microsoft. there's a lot of interest in this one. it's only the second enterprise software company to go public since 2021. we had clavio and now we have rubrik. this one is different. this is data security. they have large enterprise clients. clients like goldman sachs. they also have public-sector clients like the state of utah. they have a pretty wide list of clients. they will be testing to see how things are. caroline: the market has to digest the fact that it is still lossmaking. katie: it is losing money but as jason left in, atop -- jason lefkin pointed out on twitter, is arr is growing, the annual growing revenue. this is a metric investors care about because it suggests the customers are renewing their contracts and they will continue to get more customers. they have a high retention rate. depending on what you look at, profitability, no, they are not profitable. they're overall revenue is growing pretty slowly.

thrilled, these are some of the best investors in the world, public markets to extraordinary sequoia, greylock the first time. they are filled but i think that to invest in this valuation for the first time at this juncture, there's a high conviction and belief that there's not just a 15% growth ahead of it, with 10 more ahead, so we are thrilled. ed: for the audience member less financially inclined, mark to market means the method of fair value through benchmarking contemporaneously against similar companies. i noticed on social media a lot of people were talking about a round. i went on social media and said that you were coming on the show and our audience at some good, straightforward questions. one of them was eric, can you -- if we explain what ramp is it what it does, a good starting point. eric: of course. we built a command control system for company finances. this means that from a single place, company finance teams and business owners can issue carts, make payments of all kinds, manage approvals, even automate accounting to close their books. this means that some of the tedious as