Rubrik Acquires Predibase: Boosting AI Agent Adoption

Rubrik to Acquire Predibase, Expanding its AI Capabilities

Rubrik, a leading data cybersecurity firm, revealed on Wednesday its plans to acquire Predibase. Predibase is a startup focused on enabling organizations to customize open source AI models for their specific requirements through training and fine-tuning.

Strategic Acquisition in the Enterprise AI Space

This acquisition positions Rubrik among a growing number of companies actively seeking to enhance enterprise AI agent adoption through strategic purchases. The move underscores the increasing importance of AI within the data management landscape.

Deal Details

While the financial terms of the agreement remain undisclosed, reports from CNBC suggest a valuation ranging from $100 million to $500 million. Rubrik has not publicly confirmed the reported deal size.

Predibase Background

Established in 2021, Predibase was founded by Devvret Rishi, Piero Molino, and Travis Addair, who currently serve as CEO, Chief Science Officer, and CTO respectively. The company successfully secured over $28 million in venture capital funding.

Investor Support

Predibase’s funding rounds included investments from prominent venture capital firms such as Felicis, Greylock, and Sancus Ventures. This strong investor backing highlights the company’s potential and innovative approach.

Synergies with Rubrik’s Platform

The integration of Predibase’s technology will empower Rubrik’s user base to expedite the development of AI agents. This will be achieved through compatibility with leading platforms like Amazon Bedrock, Azure OpenAI, and Google Agentspace.

Rubrik’s Vision for AI Integration

According to a press release, Bipul Sinha, co-founder and CEO of Rubrik, emphasized the transformative potential of combining Predibase’s capabilities with secure data platforms. He stated that this synergy will foster trusted data for responsible and impactful AI initiatives.

Sinha further explained that Predibase addresses key challenges related to the performance and cost of deploying large language models for agentic and other AI applications, complementing Rubrik’s focus on secure data access.

Industry Trend: AI-Focused Acquisitions

Rubrik’s acquisition is part of a broader trend within the technology sector. Numerous companies are making acquisitions to strengthen their AI technology stacks and capabilities.

Recent Acquisitions in the AI Space

Notable recent examples include Salesforce’s $8 billion acquisition of Informatica in May. Additionally, Snowflake acquired Crunchy Data and Collibra acquired Raito in early June, both driven by the desire to enhance their AI agent offerings.

Rubrik’s Journey to Public Offering

Founded in 2014, Rubrik raised over $1.6 billion in venture capital from investors including Khosla Ventures, IVP, and Lightspeed Venture Partners. The company successfully completed its initial public offering (IPO) in April 2024.