Rubrik, a data cybersecurity firm, announced on Wednesday the acquisition of Predibase, a venture-backed startup specialized in training and refining open-source AI models. The purchase highlights Rubrik’s strategic push to enhance its capabilities in enterprise AI agent adoption.
Although Rubrik did not disclose the financial details of the deal, CNBC reported the transaction was valued somewhere between $100 million and $500 million. The company did not provide further comment regarding the exact financial terms.
Predibase, founded in 2021 by CEO Devvret Rishi, Chief Science Officer Piero Molino, and CTO Travis Addair, had previously raised more than $28 million from venture capital investors such as Felicis Ventures, Greylock, and Sancus Ventures.
Following the integration of Predibase’s technologies, Rubrik clients will have the ability to develop AI agents more rapidly and easily on platforms including Amazon Bedrock, Azure OpenAI, and Google Agentspace, the companies said.
Rubrik CEO and co-founder Bipul Sinha described the synergy between the two firms as transformative, noting in a blog post that combining Predibase’s advanced AI modeling capabilities with Rubrik’s secure data management solutions would greatly facilitate trusted, safe, and efficient use of AI. He wrote that while Rubrik streamlines secure access to data crucial for responsible AI deployments, Predibase addresses challenges related to operational costs and performance bottlenecks that often accompany large-scale AI models for enterprise applications.
This acquisition places Rubrik among an expanding group of major technology companies strengthening their abilities to roll out enterprise-level AI agent technology through strategic acquisitions. Other recent examples include Salesforce purchasing data management provider Informatica for $8 billion in May, Snowflake buying database startup Crunchy Data, and Collibra acquiring data-access startup Raito earlier this month.
Founded in 2014, Rubrik has raised over $1.6 billion in venture capital from prominent investors such as Khosla Ventures, IVP, and Lightspeed Venture Partners. The company debuted as a public entity in April of 2024.
