Knowledge resiliance firm Veeam desires to present its prospects extra management and safety over their knowledge within the age of AI.
The Kirkland, Washington-based firm introduced on Tuesday that it has signed a definitive settlement to amass Securiti AI, an organization that offers enterprises a command middle for all of their knowledge. 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 traders, together with Mayfield, Common Catalyst, and Cisco Investments, amongst others.
Upon the shut of the transaction, the Perception Companions-owned Veeam will provide Securiti’s knowledge command middle product alongside its present choices. Jalil will be part of Veeam because the president of safety and AI.
“We’ve entered a brand new period for knowledge. It’s not about simply defending knowledge from cyber threats and unexpected disasters; it’s additionally about figuring out all of your knowledge, making certain it’s ruled and trusted to energy AI transparently,” Anand Eswaran, Veeam CEO, stated 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 stated that one of many firm’s plans for 2025 was to search out acquisition targets that have been complementary to the corporate’s knowledge resilience enterprise.
This acquisition information comes amid a 12 months of consolidation within the knowledge trade as knowledge corporations are getting purchased to assist corporations enhance their knowledge stack to assist their purchasers undertake AI.
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In Could, Databricks acquired Neon for $1 billion. Salesforce acquired legacy cloud knowledge administration platform Informatica just a few weeks later for $8 billion.
Whereas these transactions have turn into much less frequent now than they have been within the first half of the 12 months, they appear more likely to proceed. In June, Sanjeev Mohan, a former Gartner analyst who now runs SanjMo, a knowledge development advisory agency, advised TechCrunch that there could be a variety of consolidation this 12 months.
He stated that prospects have lengthy been bored with having to make use of a laundry record of various knowledge corporations to construct their knowledge infrastructure stack. The truth that enterprises need to undertake AI has made this knowledge fragmentation extra obvious.
Mohan added that any good knowledge startup that’s not getting acquired on this surroundings is probably going simply too costly.
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