Microsoft Invests in Veeam to Develop AI-Powered Data Protection Solutions

Microsoft Invests in Veeam to Build AI-Powered Data Protection Solutions

Microsoft AI services, including machine learning, integrate into Veeam Data Cloud and Entra ID. Microsoft has made an undisclosed equity investment in Veeam Software as part of an expanded partnership to develop artificial intelligence (AI)-driven data protection solutions, Veeam announced on Tuesday, February 25. Also Read: Over 800 Indian Enterprises Leverage Microsoft Azure OpenAI Platform: Report The collaboration will integrate Microsoft's AI capabilities into Veeam's data resilience platform, enhancing threat detection, automated recovery, and compliance reporting. With 77 percent of Fortune 500 and 67 percent of Global 2000 companies relying on Veeam, the AI-powered advancements aim to provide faster insights and improved security, the official release said. Veeam stated that, with Microsoft's support, it will focus on research and development investments, architectural expertise, and design collaboration to accelerate AI-powered innovations for customers. Microsoft AI services, including machine learning, will be integrated into key Veeam solutions, such as Veeam Data Cloud for Microsoft 365, which protects over 23.5 million users, and Veeam Data Cloud Vault, a Zero Trust data protection-as-a-service (DPaaS) solution for offsite backups in Microsoft Azure. Additionally, new Entra ID solutions will enhance identity security for cloud-first enterprises. The AI integration will enable organisations to detect suspicious activity before it escalates, identify vulnerabilities in backups, automate compliance and recovery reporting, and accelerate data restoration to minimise downtime, the companies said. Also Read: Microsoft Signs Partnerships to Advance AI in Core Indian Sectors "In a world where cyber threats and the dynamic nature of the cloud are constant, data resilience is no longer optional -- it's mission-critical," said Anand Eswaran, CEO of Veeam. "By joining forces with Microsoft, we're bringing AI-powered intelligence to 550,000 customers, and the majority of Fortune 500 and Global 2000 companies, enabling them to protect, detect, and recover faster than ever before." "AI is transforming every aspect of business," said Jason Graefe, Corporate Vice President, ISV's and Digital Natives, Microsoft. "By integrating Microsoft AI with Veeam's market-leading data resilience solutions, we're helping customers not only protect their critical data but also unlock new insights and efficiencies across Microsoft 365 and Azure."

Veeam Expands Partnership with Microsoft to Build New AI-Powered Solutions to Improve Customers' Data Resilience

Microsoft invests in Veeam to help customers maximise the value of their data while also helping ensure it's protected and available Veeam® Software, the #1 global leader by market share in Data Resilience, announced an expanded partnership with Microsoft -- which includes a Microsoft equity investment in Veeam -- to build AI solutions that help customers protect, recover, and unlock more value from their data. Seventy-seven per cent of the Fortune 500 and 67% of the Global 2000 rely on Veeam to safeguard their data from cyber-attacks, outages and disasters. Now, by integrating Microsoft AI into Veeam's data resilience platform, such integration will support customers in gaining faster insights, smarter threat detection, and more automated recovery, helping ensure data is always secure, available, reliable and working for them. Bringing AI to Data Resilience Veeam will focus on research and development investments, architectural expertise, and design collaboration with the support of Microsoft to accelerate AI-powered innovations for customers. Veeam will integrate Microsoft AI services including machine learning (ML) to enhance: Veeam Data Cloud for Microsoft 365 - The most widely used backup solution for Microsoft 365, protecting over 23.5 million users. Veeam Data Cloud Vault - A Zero Trust Data Resilience-based data protection-as-a-service (DPaaS) for secure, offsite backups in Microsoft Azure. New Entra ID Solutions - Strengthening identity security and resilience for cloud-first organisations. AI-Powered Protection and Recovery Veeam's integration with Microsoft AI will help organisations: Detect suspicious activity before it escalates. Identify backup vulnerabilities that need attention. Automate compliance and recovery reporting. Accelerate data restores - getting businesses back up and running faster. "In a world where cyber threats and the dynamic nature of the cloud are constant, data resilience is no longer optional -- it's mission-critical," said Anand Eswaran, CEO of Veeam. "By joining forces with Microsoft, we're bringing AI-powered intelligence to 550,000 customers, and the majority of Fortune 500 and Global 2000 companies, enabling them to protect, detect, and recover faster than ever before." "AI is transforming every aspect of business," said Jason Graefe, Corporate Vice President, ISV's & Digital Natives, Microsoft. "By integrating Microsoft AI with Veeam's market-leading data resilience solutions, we're helping customers not only protect their critical data but also unlock new insights and efficiencies across Microsoft 365 and Azure." Veeam Data Cloud Built on Microsoft Azure, Veeam Data Cloud delivers the confidence and reliability of the industry's leading data resilience platform with the ease and accessibility of a cloud service. Veeam Data Cloud provides backup-as-a-service (BaaS) for Microsoft 365 and Microsoft Azure, enabling radical resilience and leveraging powerful data protection and security technology within a simple, seamless user experience. The cloud native design of the Veeam Data Cloud and the compatible data platform of Microsoft Azure, provides leading protection for Microsoft 365 and Microsoft Azure data, instantly ready out-of-the-box with policy-driven simplicity. The architecture is built on Zero Trust principles and leverages Azure Blob Storage isolated from production environments, is continuously versioned and maintained, and keeps backups safe, secure, and ready for fast recovery. This all-in-one service includes backup software, infrastructure, and storage, which keeps costs low and predictable while simplifying management. For more information on Veeam, visit https://www.veeam.com. About Veeam Software Veeam®, the #1 global market leader in data resilience, believes every business should be able to bounce forward after a disruption with the confidence and control of all their data whenever and wherever they need it.Veeam calls this radical resilience, and we're obsessed with creating innovative ways to help our customers achieve it.

Microsoft invests in cloud data firm Veeam Software to build AI products

(Reuters) - Microsoft has made an undisclosed equity investment in Veeam Software as part of an expanded partnership to build artificial intelligence products, the cloud data company said on Tuesday. Veeam's software is designed to help customers quickly recover their data after cybersecurity incidents, ransomware attacks or accidental data loss. Its core product supports immutable backups to prevent ransomware from modifying or deleting data, ensuring that clean copies remain available for recovery even if hackers encrypt files. Microsoft had invested in cybersecurity firm Rubrik in 2021, which also offers data backup and recovery solutions. Veeam said it would focus on research and development investments and design collaboration, among others, with the support of Microsoft. It will also integrate Microsoft's AI services into its products. U.S. private equity firm Insight Partners, which is the largest shareholder in Veeam, sold a $2 billion stake in the company in a secondary sale valuing the firm at $15 billion, it said in December last year. Veeam was acquired by Insight Partners for about $5 billion in 2020. Founded in 2006, Veeam has more than 550,000 customers globally including corporations such as Deloitte and Canon, according to its website. (Reporting by Jaspreet Singh in Bengaluru; Editing by Sahal Muhammed)

Microsoft invests in cloud data firm Veeam Software to build AI products

Feb 25 (Reuters) - Microsoft (MSFT.O), opens new tab has made an undisclosed equity investment in Veeam Software as part of an expanded partnership to build artificial intelligence products, the cloud data company said on Tuesday. Veeam's software is designed to help customers quickly recover their data after cybersecurity incidents, ransomware attacks or accidental data loss. Its core product supports immutable backups to prevent ransomware from modifying or deleting data, ensuring that clean copies remain available for recovery even if hackers encrypt files. Microsoft had invested in cybersecurity firm Rubrik (RBRK.N), opens new tab in 2021, which also offers data backup and recovery solutions. Veeam said it would focus on research and development investments and design collaboration, among others, with the support of Microsoft. It will also integrate Microsoft's AI services into its products. U.S. private equity firm Insight Partners, which is the largest shareholder in Veeam, sold a $2 billion stake in the company in a secondary sale valuing the firm at $15 billion, it said in December last year. Veeam was acquired by Insight Partners for about $5 billion in 2020. Founded in 2006, Veeam has more than 550,000 customers globally including corporations such as Deloitte and Canon, according to its website. Reporting by Jaspreet Singh in Bengaluru; Editing by Sahal Muhammed Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Cybersecurity

Microsoft invests in Veeam, deepens cloud and AI partnership with data protection company

Microsoft made an equity investment in Veeam, deepening its partnership with the Kirkland, Wash.-based data protection and ransomware recovery company, focused on their joint work in cloud and AI technologies. The companies did not disclose the amount of Microsoft's investment or the size of its stake. Private equity firm Insight Partners remains Veeam's majority owner, Veeam CEO Anand Eswaran told GeekWire. Eswaran said Microsoft's investment reflects the strength of their partnership and Veeam's leadership in the data resilience market. Microsoft and Veeam last year announced a partnership to integrate Microsoft's AI services into Veeam's data resilience platform. Their joint engineering work is focused on areas including AI-based threat detection, security-focused AI assistants for customers, AI-generated data insights, and the protection of data used by AI models. Large language models "are based on data, and so you need to start thinking about protecting those LLMs," Eswaran explained. "So we are getting on a roadmap to protect the very data that fuels AI in the first place." Microsoft's investment follows Veeam's announcement of a $2 billion secondary share sale in December, which valued the company at $15 billion. As a privately held company, Veeam doesn't disclose detailed financial information, but Eswaran said its revenue run rate surpassed $1.74 billion in 2024, with more than $500 million in adjusted cash EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), a key measure of profitability. Because of that profitability, Veeam doesn't need an initial public offering for financial liquidity, Eswaran said. However, the company plans to go public at some point in the future, and it's watching the market and macroeconomic environment to determine the right moment, he said. Veeam last year officially relocated its headquarters from Ohio to the Seattle area, drawn by the close proximity of major cloud providers and the deep pool of technical talent. It now employs more than 5,500 people in 50 countries, including nearly 100 in the Seattle area, many of them based out of its Kirkland headquarters. The company has 550,000 customers in more than 150 countries.

Veeam CEO On Expanding Microsoft AI Relationship, Microsoft's Veeam Investment, And Potential IPO

'Being a public company is certainly on the radar. The beautiful thing about being a very profitable company is we don't have to do it for the sake of liquidity, but we will do it inevitably as the next milestone in Veeam's journey,' says Veeam CEO Anand Eswaran. Veeam Tuesday significantly expanded its partnership with Microsoft. This expansion includes Microsoft investing in an equity stake in Veeam and co-developing AI innovations to integrate Microsoft AI services across Veeam's portfolio of data resilience and management technologies. Veeam CEO Anand Eswaran, in an exclusive interview, told CRN that while Veeam is already a profitable company, the investment from Microsoft brings a new level of visibility as it moves toward an IPO either this year or next. "I think this equity stake is a signal to the market about Microsoft's trust in Veeam, which should basically help the market overall and as we expand share," Eswaran said. [Related: Storage 100: The Digital Bridge Between The Cloud And On-Premises Worlds] Microsoft's investment in Veeam comes as a few key Veeam competitors have been making serious financial moves, such as Rubrik going public last year and Cohesity's huge acquisition of Veritas' enterprise data protection business. Eswaran said these moves come as every company realizes the importance of having a resilient data posture. "Data is what runs businesses right now," he said. "If access to their data stops, their business stops. That is at the heart of what's happening here. Data resilience is a board priority. In fact, based on everything I've seen, I think 2025 will be the year of data resilience, where it's going to literally break out in a pretty meaningful way. We're at the right place at the right time."