Veeam Buys Securiti AI in $1.7 Billion Data Security Deal
▼ Summary
– Veeam is acquiring Securiti AI for $1.725 billion in a cash and stock deal expected to close in early December.
– Securiti AI provides enterprises with a data command center and was founded in 2019, having raised over $156 million in venture capital.
– Following the acquisition, Securiti’s founder Rehan Jalil will join Veeam as president of security and AI, and its product will be integrated with Veeam’s offerings.
– Veeam’s CEO stated the acquisition addresses the need to identify, govern, and trust data for AI, aligning with the company’s strategy to enhance data resilience.
– This deal is part of a broader trend of data industry consolidation, driven by enterprise demand for unified data solutions to support AI adoption.
In a landmark move for the data security sector, Veeam has acquired Securiti AI in a transaction valued at $1.725 billion, combining cash and stock components. This strategic purchase aims to enhance how businesses manage and protect their information assets, particularly as artificial intelligence becomes integral to operations. The deal is anticipated to finalize during the first week of December, positioning Veeam to integrate Securiti’s advanced data command center directly into its portfolio of data resilience solutions.
Securiti, established in 2019 by entrepreneur Rehan Jalil, successfully secured over $156 million in venture funding from prominent backers such as Mayfield, General Catalyst, and Cisco Investments. Following the acquisition’s completion, Jalil is set to join Veeam in the role of President of Security and AI, bringing his expertise to the combined entity.
Veeam’s Chief Executive Officer, Anand Eswaran, emphasized that the industry is witnessing a fundamental shift in data management priorities. He noted that modern challenges extend beyond safeguarding data from cyber incidents and disasters to also include comprehensive data identification, governance, and ensuring trustworthy data for transparent AI applications. This perspective underscores the growing need for unified platforms that address both security and AI readiness.
This acquisition follows Veeam’s $2 billion secondary sale in December 2024, which established a company valuation of $15 billion. At that time, Eswaran indicated that part of Veeam’s 2025 strategy involved pursuing acquisitions that complement its core data resilience business, making the Securiti purchase a clear execution of that plan.
The data industry is experiencing a notable wave of consolidation as organizations seek to streamline their technology stacks and better support AI adoption for their clients. Earlier this year, similar large-scale transactions took place, including Databricks’ $1 billion purchase of Neon and Salesforce’s $8 billion acquisition of Informatica. Although the pace of such deals has moderated compared to the first half of the year, industry observers believe consolidation will persist.
According to Sanjeev Mohan, a former Gartner analyst who now leads the advisory firm SanjMo, enterprise customers have grown weary of managing a lengthy list of vendors to construct their data infrastructure. The push toward AI implementation has made data fragmentation a more pressing issue. Mohan also pointed out that in the current market, any promising data startup not involved in acquisition discussions is likely considered too costly, reflecting the high demand for integrated data solutions.
(Source: TechCrunch)
