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Veeam purchases Securiti AI, a data protection firm, in a $1.7 billion deal

Veeam purchases Securiti AI, a data protection firm, in a $1.7 billion deal

Bitget-RWA2025/10/21 16:03
By:Bitget-RWA

Veeam, a company specializing in data resilience, aims to empower its clients with enhanced data security and control in the era of artificial intelligence.

On Tuesday, the Kirkland, Washington-based firm revealed it has entered into a definitive agreement to purchase Securiti AI, a business that provides enterprises with a centralized platform to manage all their data. The acquisition, valued at $1.725 billion in a combination of cash and stock, is anticipated to be finalized in the first week of December, according to Bloomberg.

Established in 2019 by Rehan Jalil, Securiti has secured over $156 million in venture funding from backers such as Mayfield, General Catalyst, Cisco Investments, and others.

Once the deal is completed, Veeam, which is owned by Insight Partners, will integrate Securiti’s data command center solution into its product lineup. Jalil will assume the role of president of security and AI at Veeam.

“We are witnessing a new chapter for data. The focus has shifted from merely safeguarding data against cyberattacks and unexpected events to also discovering, governing, and ensuring the reliability of data to transparently fuel AI,” stated Anand Eswaran, CEO of Veeam, in a company announcement.

In December 2024, Veeam completed a $2 billion secondary transaction, bringing its valuation to $15 billion. At that time, Eswaran mentioned that one of the company’s objectives for 2025 was to pursue acquisitions that would complement its data resilience offerings.

This acquisition is part of a broader trend of consolidation in the data sector, as organizations seek to strengthen their data infrastructure and support clients’ AI adoption through strategic purchases.

For example, Databricks bought Neon for $1 billion in May, and a few weeks later, Salesforce acquired the long-standing cloud data management provider Informatica for $8 billion.

Although such deals have slowed compared to earlier in the year, they are expected to persist. In June, Sanjeev Mohan, a former Gartner analyst now leading the data advisory firm SanjMo, told TechCrunch that significant consolidation would continue throughout the year.

Mohan explained that customers have grown weary of relying on numerous data vendors to construct their data infrastructure. The push for AI adoption has only highlighted the challenges caused by this fragmentation.

He further noted that any promising data startup not being acquired in the current climate is probably priced too high.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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