Information cybersecurity firm Rubrik introduced Wednesday its intent to accumulate Predibase. Predibase is a venture-backed startup that helps corporations prepare and fine-tune open supply AI fashions to customise them to their wants. Rubrik is the newest firm to make an acquisition with the aim of boosting enterprise AI agent adoption.
Phrases of the deal weren’t disclosed, although CNBC reported that the deal was between $100 million and $500 million, a large vary. Rubrik declined to touch upon the deal dimension.
Predibase was based in 2021 by Devvret Rishi, present CEO; Piero Molino, present chief science officer; and Travis Addair, present CTO. The corporate has raised greater than $28 million in VC cash from buyers, together with Felicis, Greylock, and Sancus Ventures, amongst others.
The mixing of Predibase will enable Rubrik customers to speed up constructing AI brokers by means of Amazon Bedrock, Azure OpenAI, and Google Agentspace, based on a press launch.
“When [Predibase’s] capabilities are paired with safe knowledge platforms like Rubrik’s, they are often transformative, serving to guarantee trusted knowledge powers accountable and impactful AI,” Bipul Sinha, co-founder and CEO of Rubrik, wrote in a weblog publish in regards to the deal. “Simply as Rubrik has simplified entry to secured, ruled knowledge for AI, Predibase is fixing the efficiency and price points round deploying giant language fashions for agentic and different AI functions.”
Rubrik is only one in a rising checklist of corporations making acquisitions to bolster their expertise stack for the creation of AI brokers.
Salesforce acquired knowledge administration agency Informatica for $8 billion in Could. Snowflake acquired Crunchy Information to bolster its AI agent choices in early June, and Collibra acquired Raito for comparable causes just a few days later.
Rubrik was based in 2014 and raised greater than $1.6 billion in enterprise capital from Khosla Ventures, IVP, and Lightspeed Enterprise Companions, amongst others, earlier than going public in April 2024.
