‘What the Predibase team has achieved with model training and serving infrastructure in the last few years is nothing short of remarkable,’ Rubrik CEO Bipul Sinha said in a statement.
Rubrik plans to buy open source artificial intelligence model fine-tuning upstart Predibase for, reportedly, more than $100 million to help customers move agentic AI projects from pilot to production at scale faster.
Palo Alto, Calif.-based Rubrik, a data security vendor, has entered an agreement to buy San Francisco-based Predibase and leverage its proprietary post-training stack toward AI results with better accuracy, lower costs, better performance and automated data governance, according to a statement Wednesday.
The companies didn’t disclose a purchase price, but CNBC reported that Rubrik will pay between $100 million and $500 million.
“What the Predibase team has achieved with model training and serving infrastructure in the last few years is nothing short of remarkable,” Bipul Sinha–Rubrik’s CEO, chairman and co-founder–said in a statement. “AI engineers and developers across the industry trust their expertise. … Rubrik and Predibase will drive agentic AI adoption around the world and unlock immediate value for our customers.”
[RELATED: Rubrik CEO: Combining Identity And Data Security Is ‘Our Future’]
Rubrik To Acquire Predibase
CRN has reached out to Rubrik for comment.
Part of Rubrik’s top 2025 channel goals is increasing the overall percentage of company revenue that comes through the channel, according to CRN’s Channel Chiefs list.
Sinha said that acquiring Predibase should help Rubrik move beyond a reputation as a data security vendor to one as “a key enabler for building AI.” The two companies hope to tackle the more than half of AI projects that never make it to production on average and bring down an estimated eight months it can take to move AI projects from prototype to production.
“With Predibase, we will make strides to accelerate our customers’ journey and to bring secure data to power AI,” he said.
Devvret Rishi, Predibase’s CEO who co-founded the company in 2021, said that complementary technologies with Rubrik took the two vendors’ partnership beyond Predibase just building a governed model layer on top of Rubrik’s secure data lake.
“Together, we’ll be building towards a shared vision at the intersection of AI, security, and data–what we believe to be the most important frontier in enterprise software,” Rishi said in a statement Wednesday.
Rishi took over the CEO role in 2023, previously serving as Predibase’s chief product officer, according to his LinkedIn account.
Rubrik last reported quarterly earnings on June 5. Subscription revenue surged 54 percent, from the same period a year earlier, to reach $265.7 million, while subscription annual recurring revenue climbed 38 percent to $1.18 billion.
Rubrik previously bought developer operations (DevOps) backups security vendor Backrightup earlier this year. Other recent major acquisitions in the security space include Snyk buying AI security research firm Invariant Labs and Zscaler’s plan to buy managed detection and response (MDR) vendor Red Canary.
