Information resiliance firm Veeam desires to provide its prospects extra management and safety over their information within the age of AI.
The Kirkland, Washington-based firm introduced on Tuesday that it has signed a definitive settlement to accumulate Securiti AI, an organization that offers enterprises a command heart for all of their information. The $1.725 billion deal is a mixture of money and inventory and is anticipated to shut the primary week of December, as first reported by Bloomberg.
Securiti was based in 2019 by Rehan Jalil. The corporate raised greater than $156 million in enterprise capital from buyers together with Mayfield, Common Catalyst and Cisco Investments, amongst others.
Upon the shut of the transaction, the Perception Companions-owned Veeam will supply Securiti’s information command heart product alongside its present choices. Jalil will be a part of Veeam because the president of safety and AI.
“We’ve entered a brand new period for information. It’s now not about simply defending information from cyber threats and unexpected disasters; it’s additionally about figuring out all of your information, making certain it’s ruled and trusted to energy AI transparently,” Anand Eswaran, Veeam CEO, mentioned in an organization press launch.
Veeam closed a $2 billion secondary sale in December 2024 that valued the corporate at $15 billion. On the time, Eswaran mentioned that one of many firm’s plans for 2025 was to search out acquisition targets that had been complimentary to the corporate’s information resilience enterprise.
This acquisition information comes amid a yr of consolidation within the information business as information corporations are getting purchased to assist corporations enhance their information stack to assist their shoppers undertake AI.
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In Could, Databricks acquired Neon for $1 billion. Salesforce acquired legacy cloud information administration platform Informatica just a few weeks later for $8 billion.
Whereas these transactions have change into much less frequent now, than they had been within the first half of the yr, they appear more likely to proceed. In June, Sanjeev Mohan, a former Gartner analyst who now runs SanjMo, a knowledge pattern advisory agency, instructed TechCrunch that there can be lots of consolidation this yr.
He mentioned that prospects have lengthy been bored with having to make use of a laundry checklist of various information corporations to construct their information infrastructure stack. The truth that enterprises wish to undertake AI has made this information fragmentation extra obvious.
Mohan added that any good information startup that’s not getting acquired on this surroundings is probably going simply too costly.
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