Veeam Acquires Securiti.ai for $1.7 Billion

Veeam to Acquire Securiti AI for $1.725 Billion

Veeam, a leading data resilience provider, is focused on empowering its customers with enhanced data control and security in the evolving landscape of artificial intelligence.

Acquisition Details

The company, headquartered in Kirkland, Washington, announced a definitive agreement on Tuesday to acquire Securiti AI. Securiti AI provides enterprises with a centralized command center for comprehensive data management.

The transaction, valued at $1.725 billion, will be completed through a combination of cash and stock. Closing is anticipated during the first week of December, as initially reported by Bloomberg.

Securiti AI Background

Founded in 2019 by Rehan Jalil, Securiti AI successfully secured over $156 million in venture funding.

Investors included prominent firms such as Mayfield, General Catalyst, and Cisco Investments.

Integration and Leadership

Following the completion of the acquisition, Veeam will integrate Securiti’s data command center product into its existing portfolio of solutions.

Rehan Jalil is slated to join Veeam as President of Security and AI.

The Importance of Data in the AI Era

“A new era for data has begun,” stated Anand Eswaran, CEO of Veeam, in a company press release. “The focus has shifted beyond simply protecting data from cyberattacks and disasters.

Now, it’s crucial to identify all data assets, ensure proper governance, and establish trust to transparently fuel AI initiatives.”

Veeam’s Recent Financial Activity

In December 2024, Veeam finalized a $2 billion secondary sale, resulting in a company valuation of $15 billion.

At that time, Eswaran indicated that identifying strategic acquisition targets complementary to Veeam’s core data resilience business was a key priority for 2025.

Industry Consolidation Trend

This acquisition occurs within a broader trend of consolidation in the data industry.

Companies are being acquired to bolster data stacks and facilitate AI adoption for their clients.

Recent Data Industry Acquisitions

In May, Databricks acquired Neon for $1 billion.

Shortly after, Salesforce completed the acquisition of Informatica, a legacy cloud data management platform, for $8 billion.

Future Outlook

While the frequency of these transactions has decreased compared to the first half of the year, further consolidation is anticipated.

Sanjeev Mohan, a former Gartner analyst and founder of SanjMo, a data trend advisory firm, predicted significant consolidation in the data sector to TechCrunch in June.

Customer Demand for Integrated Solutions

Mohan highlighted customer frustration with managing a multitude of different data companies to construct their data infrastructure.

The growing desire for AI adoption has further exposed the challenges of data fragmentation.

He suggested that any promising data startup that remains unacquired in the current market is likely priced too high.