Veeam Enhances Data Security with $1.7 Billion Acquisition of Securiti AI
In a strategic move to bolster its data security offerings, Veeam, a leader in data resilience based in Kirkland, Washington, has announced its agreement to acquire Securiti AI for $1.725 billion. This transaction, which combines cash and stock, is expected to finalize in early December, marking a significant expansion in Veeam’s capabilities to serve enterprises navigating the complexities of data management in the AI era.
Founded in 2019 by Rehan Jalil, Securiti AI has quickly established itself as a key player in data command center solutions, securing over $156 million in venture capital from notable investors such as Mayfield, General Catalyst, and Cisco Investments. Veeam plans to integrate Securiti’s advanced data governance tools into its existing portfolio, positioning itself as a comprehensive provider in the data security landscape. Following the deal, Jalil will take on the role of president of security and AI at Veeam.
Anand Eswaran, CEO of Veeam, emphasized the necessity of evolving data strategies, stating, “We’ve entered a new era for data. It’s no longer about just protecting data from cyber threats and unforeseen disasters; it’s also about identifying all your data, ensuring it’s governed and trusted to power AI transparently.”
This acquisition aligns with Veeam’s growth strategy post a $2 billion secondary sale that valued the company at $15 billion in December 2024. As the data industry experiences considerable consolidation, Veeam aims to address the increasing demand for unified data infrastructures, particularly as enterprises seek to enhance their AI readiness.
Key Takeaways:
- Acquisition Detail: Veeam acquires Securiti AI for $1.725 billion, intending to enhance data management and governance.
- Leadership Transition: Rehan Jalil of Securiti will lead Veeam’s security and AI divisions post-acquisition.
- Industry Context: The acquisition is part of a broader trend in the data sector, focusing on consolidating various data solutions to better meet enterprise needs.
With this acquisition, Veeam is poised to meet the growing challenges of data fragmentation and security, reinforcing its commitment to empowering businesses in the digital age.
