Veeam acquires data Security Company securiti ai For $1.7bn

Data resiliance institution Veeam wants to springiness its customers much power and information complete their information successful nan property of AI.

The Kirkland, Washington-based institution announced connected Tuesday that it has signed a definitive statement to get Securiti AI, a institution that gives enterprises a bid halfway for each of their data. The $1.725 cardinal woody is simply a operation of rate and banal and is expected to adjacent nan first week of December, arsenic first reported by Bloomberg.

Securiti was founded successful 2019 by Rehan Jalil. The institution raised much than $156 cardinal successful task superior from investors including Mayfield, General Catalyst and Cisco Investments, among others.

Upon nan adjacent of nan transaction, nan Insight Partners-owned Veeam will connection Securiti’s information bid halfway merchandise alongside its existing offerings. Jalil will subordinate Veeam arsenic nan president of information and AI.

“We’ve entered a caller era for data. It’s nary longer astir conscionable protecting information from cyber threats and unforeseen disasters; it’s besides astir identifying each your data, ensuring it’s governed and trusted to powerfulness AI transparently,” Anand Eswaran, Veeam CEO, said successful a company property release.

Veeam closed a $2 cardinal secondary waste successful December 2024 that weighted nan institution astatine $15 billion. At nan time, Eswaran said that 1 of nan company’s plans for 2025 was to find acquisition targets that were complimentary to nan company’s information resilience business.

This acquisition news comes amid a twelvemonth of consolidation successful nan information industry arsenic information companies are getting bought to thief companies amended their information stack to thief their clients adopt AI.

In May, Databricks acquired Neon for $1 billion. Salesforce acquired bequest unreality information guidance platform Informatica a fewer weeks later for $8 billion.

While these transactions person go little predominant now, than they were successful nan first half of nan year, they look apt to continue. In June, Sanjeev Mohan, a erstwhile Gartner expert who now runs SanjMo, a information inclination advisory firm, told TechCrunch that location would beryllium a batch of consolidation this year.

He said that customers person agelong been tired of having to usage a laundry database of different information companies to build their information infrastructure stack. The truth that enterprises want to adopt AI has made this information fragmentation much apparent.

Mohan added that immoderate bully information startup that’s not getting acquired successful this situation is apt conscionable excessively expensive.