-86%

est. 2Y upside i

AI & MLDevOps & InfraSeries B

Rank

#4312

Sector

AI/ML Platform, Developer Tools

Est. Liquidity

~1Y

Data Quality

Data: Medium

Predibase was acquired by Rubrik in June 2025 for a reported $100M+, which was below its last private Series B valuation of $150M.

Last updated: March 10, 2026

Bull (15%)+81%

Predibase's strong technology and strategic fit with Rubrik led to an acquisition at the higher end of the estimated range, around $300M, providing common shareholders with an 81% return from the Series B valuation after accounting for liquidation preferences.

Base (60%)-52%

Predibase was acquired by Rubrik for a reported $100M, resulting in common shareholders receiving approximately $72M after accounting for $28M in liquidation preferences, a 52% decrease from the Series B valuation.

Bear (25%)-85%

Intense competition from cloud incumbents and a lower-than-expected acquisition price of $50M resulted in common shareholders experiencing an 85% loss from the Series B valuation, with most value captured by preferred shareholders.

Est. time to liquidity~1.0 years

Preference Stack Risk

high

Funding Intensity

28%

Investors held $28M in liquidation preferences, which significantly impacted common shareholder returns in the $100M acquisition.

Dilution Risk

moderate

Prior to acquisition, further funding rounds would have introduced additional dilution, but this risk is now absorbed into Rubrik's equity structure.

Secondary Liquidity

none

As Predibase was acquired, there is no longer an independent secondary market for its shares; equity is now tied to Rubrik.

Questions to Ask at the Interview

Strategic questions based on predibase's data — designed to show you've done your homework.

  • 1

    “How is Predibase's technology being integrated into Rubrik's overall product strategy, particularly concerning agentic AI and data security offerings?”

  • 2

    “Given the competitive landscape with major cloud providers, what is Rubrik's long-term strategy for Predibase to maintain and grow its market share in the AI model development and deployment space?”

  • 3

    “With Predibase now part of Rubrik, how does the company envision the career growth and equity opportunities for employees within the Predibase unit, and what are the plans for future liquidity events for Rubrik equity?”

Community

Valuation Sentiment

Our model estimates -86% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.