Bloomberg Host (3:00)

Beyond misbehaving agents, as more companies adopt or implement AI, does that make them more vulnerable to attacks like ransomware? Does that open up any vulnerabilities?

Bipul Sinha (3:13)

Obviously, more AI adoption, more agentic adoption actually creates a larger surface area of cyber attack because you have more software. But at the end of the day, AI is 100 times more opportunities and 100 times more risk. On the risk side now, AI agents can do 10x more damage in 1/10 of the time. So business have to have to have the confidence that they can deploy agents, they can do AI transformation, create an AI enterprise, deploy a worker without the risk of AI. And that's what we are focused on. How do we reduce the risk and give our customers more confidence to do the AI transformation?

Bloomberg Interviewer (3:52)

Well, you really underscored the idea that I can be an asset here or it can really cause some real damage. So how are you thinking about balancing innovation with cybersecurity and data Privacy?

Bipul Sinha (4:05)

Definitely the AI's aim is to increase productivity, but on the risk side, only the right data can go to the right person on the right platform at the right time. And that is the organization's goal. We are helping our customers understand the sensitivity of the data, have integrity and availability of the data and their services, and at the same time, if anything goes wrong, giving them a rewind button so that they are confident about deploying AI in production, deploying agents to actually do real work.

Bloomberg Host (4:37)

When you offer them a rewind button, does it rewind everything? I mean, it erases all the issues that they want to clean up, or is there some residue that simply can't be done away?

Bipul Sinha (4:51)

We give them a rewind button to completely undo the action of an agent, but it has to be done surgically because you don't want to take good actions out. And that's what we do. We give them full visibility on what has happened and ability to surgically undo only undesirable changes.

Bloomberg Interviewer (5:08)

Interesting. How exactly does that work?

Bipul Sinha (5:12)

What we do is we give them a platform where we actually monitor all the changes by an agent and connect that back into the cyber resiliency platform that Rubrik has developed over the last 10, 12 years so that you can connect the action to the effect and then ability to undo the effects.

Bloomberg Host (5:31)

I want to ask you about consolidation in your space, in cybersecurity space. There's been a lot of talk that this is a crowded space. There are a lot of small companies, a lot of startups, and people have been waiting for waves of consolidation for a while now. But we have an administration that is much more open to mergers and acquisitions than the previous administration. How do you look at the landscape right now, the competitive landscape?

Bloomberg Host (5:55)

Are there too many players right now?

Bipul Sinha (5:58)

Traditionally, cybersecurity, the way it evolved was it is focused on prevention and detection of attacks. And there are hundreds of vendors and tens of tools that average enterprise 80 to 100 tools they buy to prevent and detect attacks. That space is super crowded. Too many vendors, too much fragmentation, still a number of successful cyber attacks. We are focused on the resiliency part of it, where we are saying attacks will happen. Are you ready to withstand an attack and keep your services up and running? So Arbor space is a new market, new segment in cybersecurity, which is rapidly growing. But the older cybersecurity segment around prevention and detection has a lot of vendor. There has to be consolidation because businesses can't deal with 80 tools from hundreds of vendors and constantly juggling and having these disconnected systems. So you see Palo Alto Network, CrowdStrike and others are making big headways in creating platforms that can connect all aspects of the infrastructure security around prevention and detection.

Bloomberg Host (7:00)

Understood.

Bloomberg Host (7:01)

So, people, I need to ask you, are you looking to, you know, are you. Are you canvassing the market and looking to maybe add on to what your current capabilities offer? Are you in the marketplace to. Are you a buyer?

Bloomberg Host (7:14)

Potentially always.

Bipul Sinha (7:16)

We always look at our current roadmap and how do we accelerate this roadmap for our customers? We are always looking for great team, great technology, great products to acquire and accelerate our roadmap. We have taken this approach of organic, inorganic development, and we want to holistically help our customers do the transformation, create enterprise with confidence.

Bloomberg Host (7:39)

All right, I bring that up because Rubrik did announce a deal to buy Predibase back on June 25 for about half a billion dollars. All right, people.

Bloomberg Host (7:50)

Sinha, thank you so much for joining us.

Bloomberg Host (7:51)

Bibl is CEO of Rubrik, a cybersecurity firm and data management firm, as.

Matt Levine (8:01)

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