Latest news with #Predibase
Yahoo
a day ago
- Business
- Yahoo
A $100 Million Reason to Buy This Hidden-Gem AI Stock
Rubrik (RBRK) shares are inching up this morning after the cloud data management firm disclosed plans to buy Predibase for at least $100 million. Predibase is a developer platform that helps make it easier and faster to fine-tune and deploy open-source large language models (LLMs). Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% QuantumScape Just Announced a Major Cobra Milestone. How Should You Play QS Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Including today's slight gains, Rubrik stock is up close to 90% versus its year-to-date low set on April 4. The Predibase acquisition is significant for Rubrik shareholders since it's a strategic leap into enterprise AI that effectively positions RBRK as more than just a data backup company. Integrating Predibase's fine-tuning and inference tools will position RBRK to help clients deploy cost-efficient, production-ready artificial intelligence models using their own data – which directly addresses a major enterprise pain point: moving AI from prototype to production. With Predibase claiming up to 80% cost savings and faster inference times, Rubrik can now offer a differentiated AI stack atop its secure data lake that diversifies its revenue streams and aligns with its ambition to become a multi-product platform. Over time, this deal will likely fuel investor confidence and unlock further upside in RBRK shares. Rubrik's financials offer another great reason to have it in your investment portfolio. Earlier this month, the NYSE-listed data security firm reported its earnings for the first quarter that handily topped Street estimates – indicating continued momentum in its cyber resilience platform. At the time, RBRK raised its guidance as well, reflecting confidence in its strategic direction and future growth opportunities, which made Baird analysts raise their price target on the tech stock. In its latest research note, the investment firm maintained its 'Outperform' rating on Rubrik shares and increased the price target to $110, indicating potential upside of another 22% from here. Note that Baird analysts are not alone in seeing significant further upside in RBRK shares in the back half of 2025. The consensus rating on Rubrik stock also currently sits at 'Strong Buy' with the mean target of nearly $109 indicating potential upside of some 21% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
a day ago
- Business
- Yahoo
Rubrik: A strategic acquisition of Predibase
Rubrik specialises in cybersecurity, cloud backup, ransomware protection, and data management. It boasts more than $1bn in annualised revenue. With partnerships and backing from investors such as Microsoft, Rubrik is poised to transform into a comprehensive multi-product AI platform. On 25 June 2025, Rubrik announced the acquisition of Predibase, a machine learning platform that aims to simplify the process of deploying AI applications. The acquisition aims to expedite the adoption of agentic AI by providing organisations with a streamlined pathway from experimental prototypes to scalable production environments. On average, the transition from an AI prototype to full production takes approximately eight months. The collaborative effort between Predibase and Rubrik is designed to mitigate these challenges by enhancing data access security, increasing model precision, and reducing infrastructure expenses. A critical component of Predibase's technology is the LoRA eXchange project, which facilitates personalised models at scale. This open-source system enables the support of diverse users, use cases, and departments while maintaining a streamlined infrastructure. Predibase provides tools that streamline the transition from AI proof-of-concept to production, enabling enterprises to refine open-source large language models (LLMs) with proprietary data and significantly reduce inference costs. The acquisition empowers Rubrik to integrate its secure data lake and governance tools, offering customers a compliant, trusted pipeline to power generative AI agents on platforms like Amazon Bedrock, Azure OpenAI, and Google Agentspace. Rubrik's acquisition of Predibase represents a strategic advance into enterprise AI. By combining secure data infrastructure with sophisticated model tuning and deployment tools, Rubrik aims to facilitate the realisation of production-ready AI at scale while ensuring governance and cost-efficiency. This acquisition is set to operationalise AI at scale, addressing common barriers such as cost, complexity, and governance in deploying LLM-based agents into production. It will also enhance and fortify cloud ecosystems in collaboration with AWS, Azure, and Google's AI stacks. Furthermore, it will enable Rubrik to offer AI-enhanced services to its extensive enterprise customer base of more than 6,000. The deal is in line with recent mergers and acquisitions activity in the AI space. Rubrik is positioning itself among vendors that provide secure, agent-driven AI deployment at an enterprise level. In conclusion, for Rubrik, this is a move to pivot from data protection to intelligent data activation. For investors, it supports growth with profitable expansion, integration, and execution will be the near-term challenge. "Rubrik: A strategic acquisition of Predibase" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Rubrik to buy Predibase to enhance agentic AI adoption
Rubrik, a cybersecurity company, has announced its agreement to acquire Predibase, aiming to accelerate the adoption of agentic AI. Financial terms of the transaction were not disclosed. However, sources told CNBC that Rubrik 'intends to pay between $100m and $500m' for Predibase. With the deal, Rubrik and Predibase hope to deliver simplified models and data, resulting in improved accuracy, reduced costs, enhanced performance, and automated data governance. Predibase, founded in 2021 by AI technologists from Google and Uber, offers a platform that fine-tunes open-source models into production-ready solutions. The platform features a proprietary post-training stack for model customisation and an optimised inference engine. It includes a turbo serving engine for over two times performance gains and LoRA eXchange, an open-source system for deploying personalised models at scale. Rubrik CEO, chairman and co-founder Bipul Sinha said: 'What the Predibase team has achieved with model training and serving infrastructure in the last few years is nothing short of remarkable. AI engineers and developers across the industry trust their expertise. 'Together, Rubrik and Predibase will drive agentic AI adoption around the world and unlock immediate value for our customers.' Predibase co-founder and CEO Devvret Rishi said: 'We created Predibase to lift the barriers between an idea and production-ready AI. Today, many organisations still face challenges moving beyond the proof-of-concept stage. '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 optimised inference stack. This unlocks more accurate results and faster models, all at lower cost.' The San Francisco-based startup has a team of 25 employees. It secured more than $28m from venture firms Felicis and Greylock Partners, with clients such as Checkr, Marsh McLennan, and Qualcomm. Integrating Predibase is anticipated to expand Rubrik's work in securing and deploying GenAI applications, currently in collaboration with Amazon Bedrock, Azure OpenAI, and Google Agentspace. Rubrik said it is relied upon by organisations globally to address challenges, including accessing the right data, managing security, and optimising cost and performance. The combination of Predibase and Rubrik will provide optimised, fine-tuned, cost-effective models with governed data to help customers securely deploy agentic AI. Completion of the transaction is subject to customary closing conditions. "Rubrik to buy Predibase to enhance agentic AI adoption " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Channel Post MEA
2 days ago
- Business
- Channel Post MEA
Rubrik Acquires Predibase To Accelerate Agentic AI Adoption
Cybersecurity company Rubrik has announced it has entered into an agreement to acquire Predibase to accelerate agentic AI adoption from pilot to production at scale. Together, Predibase and Rubrik will deliver radical simplicity in models and data, resulting in improved accuracy, lower costs, better performance, and automated data governance. Venture firms Greylock and Felicis led funding of Predibase to date; terms of the transaction were not disclosed. Completion of the transaction is subject to customary closing conditions. Founded by AI technologists from Google and Uber, Predibase offers a fast way to fine-tune open source models into highly accurate, production-ready solutions. The Predibase platform combines a proprietary post-training stack for customizing models with a highly optimized inference engine. The platform includes a turbo serving engine for over 2x performance gains, along with LoRA eXchange, an open source system for deploying personalized models at scale. With Predibase, teams can support different users, use cases, and departments without ballooning infrastructure costs. 'We created Predibase to lift the barriers between an idea and production-ready AI. Today, many organizations still face challenges moving beyond the proof-of-concept stage,' said Devvret Rishi, Co-Founder and CEO of Predibase. '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.' Overcome the Proof of Concept Wall Gartner found on average that more than half of AI projects never make it into production and it takes eight months to go from AI prototype to production. Common hurdles include the risks in accessing valuable data, limitations in model accuracy and quality, high infrastructure costs, and a lack of data governance. These challenges lead to extended time to realize a clear return on investment. Predibase delivers better performance, up to 80% cost savings, and reduced AI infrastructure complexity over hosting foundation models. A Powerful Combination for Secure, Scalable AI 'What the Predibase team has achieved with model training and serving infrastructure in the last few years is nothing short of remarkable. AI engineers and developers across the industry trust their expertise,' said Bipul Sinha, CEO, Chairman and Co-Founder of Rubrik. 'Together, Rubrik and Predibase will drive agentic AI adoption around the world and unlock immediate value for our customers.' Integrating Predibase will expand the work to secure and deploy GenAI applications that Rubrik is doing today with Amazon Bedrock, Azure OpenAI, and Google Agentspace. Organizations globally rely on Rubrik to tackle complex challenges including accessing the right data, managing security, and optimizing for cost and performance. The combination of Predibase and Rubrik will bring optimized, fine-tuned, cost-effective models with governed data to help customers securely deploy agentic AI. Bipul Sinha discussed the acquisition in a blog post here.
Yahoo
3 days ago
- Business
- Yahoo
Morning Movers: General Mills dips following fourth quarter report
Futures are flat to slightly higher as the Israel‑Iran ceasefire remains stable and investor focus shifts to another day of testimony from Fed Chair Powell. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Oil prices have steadied around $65-$66 per barrel after a recent drop, easing inflation pressures and supporting equities. Treasury yields and the dollar have softened, buoyed by speculation that the Fed may cut rates as soon as July or September. Equities closed near record highs yesterday as tech remains in favor, led by chipmakers such as Nvidia, Broadcom and AMD as AI optimism continues. Markets are now awaiting Powell's second day of congressional testimony and with geopolitical tension more subdued, attention is firmly back on monetary policy and economic fundamentals. In pre-market trading, S&P 500 futures rose 0.15%, Nasdaq futures rose 0.34% and Dow futures were flat. Check out this morning's top movers from around Wall Street, compiled by The Fly. Also, subscribe to the daily Fly By on YouTube to stay ahead of each morning's action. HIGHER – Bumble (BMBL) up 15% after announcing plans to cut 30% of its workforce and raising its Q2 revenue view Rubrik (RBRK) up 1% after announcing it has entered into an agreement to acquire Predibase UP AFTER EARNINGS – Lotus Technology (LOT) up 6% Winnebago (WGO) up 1% Worthington (WOR) up 13% BlackBerry (BB) up 8% DOWN AFTER EARNINGS – Daktronics (DAKT) down 8% General Mills (GIS) down 4% Paychex (PAYX) down 1% FedEx (FDX) down 4% LOWER – Kymera Therapeutics (KYMR) down 4% after the company announced an update to its IRAK4 partnership with Sanofi (SNY) as well as Gilead (GILD) and the company announcing that they have entered into an exclusive option and license agreement Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on RBRK: Disclaimer & DisclosureReport an Issue Rubrik to acquire Predibase to 'accelerate agentic AI adoption' Rubrik to acquire Predibase, terms undisclosed Rubrik buys AI startup Predibase for $100M-$500M, CNBC reports Rubrik, Inc. Announces $1 Billion Convertible Notes Offering Rubrik, Inc.: Strong Financial Performance and Growth Potential Justify Buy Rating Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
