Rubrik on Wednesday said it plans to acquire generative artificial intelligence startup Predibase as it expands further into data management. Rubrik stock has gained about 40% in 2025.
A data storage and security software firm, Rubrik did not disclose financial terms of the Predibase deal. CNBC reported that Rubrik will pay over $100 million for the AI startup, which helps companies use their proprietary data to train and fine-tune AI models.
"Many organizations still face challenges moving beyond the proof-of-concept stage," said Devvret Rishi, Predibase chief executive, in a news release. "Predibase removes the hardest part of that journey and accelerates production-ready AI by giving teams an easy-to-use platform to tune models to their own data and run on an optimized inference stack. This unlocks more accurate results and faster models, all at lower cost."
On the stock market today, Rubrik stock rose 1.5% to 91.48 in afternoon trading.
In May, Rubrik reported a narrower-than-expected first-quarter loss. Also, revenue topped expectations and the company's July-quarter outlook came in above views.
Rubrik sells a cloud-computing-based data backup and recovery platform aimed at protecting companies from ransomware attacks. About 85% of Rubrik's revenue comes from subscription software sales.
Rubrik Stock Technical Ratings
Also, Rubrik stock holds an IBD Composite Rating of 84 out of a best-possible 99, according to IBD Stock Checkup. IBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths. The best growth stocks have a Composite Rating of 90 or better.
Also, Rubrik stock owns a subpar Accumulation/Distribution Rating of D. That institutional ownership-related rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Rubrik's initial public offering in 2024 raised over $750 million, with shares priced at $32.
Founded in 2014, Rubrik's investors include Microsoft.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
