Data cybersecurity company Rubrik announced Wednesday its intent to acquire Predibase. Predibase is a venture-backed startup that helps companies train and fine-tune open source AI models to customize them to their needs. Rubrik is the latest company to make an acquisition with the goal of boosting enterprise AI agent adoption.
Terms of the deal were not disclosed, though CNBC reported that the deal was between $100 million and $500 million, a sizable range. Rubrik declined to comment on the deal size.
Predibase was founded in 2021 by Devvret Rishi, current CEO; Piero Molino, current chief science officer; and Travis Addair, current CTO. The company has raised more than $28 million in VC money from investors, including Felicis, Greylock, and Sancus Ventures, among others.
The integration of Predibase will allow Rubrik users to accelerate building AI agents through Amazon Bedrock, Azure OpenAI, and Google Agentspace, according to a press release.
“When [Predibase’s] capabilities are paired with secure data platforms like Rubrik’s, they can be transformative, helping ensure trusted data powers responsible and impactful AI,” Bipul Sinha, co-founder and CEO of Rubrik, wrote in a blog post about the deal. “Just as Rubrik has simplified access to secured, governed data for AI, Predibase is solving the performance and cost issues around deploying large language models for agentic and other AI applications.”
Rubrik is just one in a growing list of companies making acquisitions to bolster their technology stack for the creation of AI agents.
Salesforce acquired data management firm Informatica for $8 billion in May. Snowflake acquired Crunchy Data to bolster its AI agent offerings in early June, and Collibra acquired Raito for similar reasons a few days later.
Rubrik was founded in 2014 and raised more than $1.6 billion in venture capital from Khosla Ventures, IVP, and Lightspeed Venture Partners, among others, before going public in April 2024.
Source: https://techcrunch.com/
