Veeam's $1.7B Acquisition of Securiti AI: A Game-Changer for Data Security and AI Adoption

Veeam acquires data security company Securiti AI for $1.7bn | TechCrunch

Data resiliance company Veeam wants to give its customers more control and security over their data in the age of AI. The Kirkland, Washington-based company announced on Tuesday that it has signed a definitive agreement to acquire Securiti AI, a company that gives enterprises a command center for all of their data. The $1.725 billion deal is a mix of cash and stock and is expected to close the first week of December, as first reported by Bloomberg. Securiti was founded in 2019 by Rehan Jalil. The company raised more than $156 million in venture capital from investors including Mayfield, General Catalyst and Cisco Investments, among others. Upon the close of the transaction, the Insight Partners-owned Veeam will offer Securiti's data command center product alongside its existing offerings. Jalil will join Veeam as the president of security and AI. "We've entered a new era for data. It's no longer about just protecting data from cyber threats and unforeseen disasters; it's also about identifying all your data, ensuring it's governed and trusted to power AI transparently," Anand Eswaran, Veeam CEO, said in a company press release. Veeam closed a $2 billion secondary sale in December 2024 that valued the company at $15 billion. At the time, Eswaran said that one of the company's plans for 2025 was to find acquisition targets that were complimentary to the company's data resilience business. This acquisition news comes amid a year of consolidation in the data industry as data companies are getting bought to help companies improve their data stack to help their clients adopt AI. In May, Databricks acquired Neon for $1 billion. Salesforce acquired legacy cloud data management platform Informatica a few weeks later for $8 billion. While these transactions have become less frequent now, than they were in the first half of the year, they seem likely to continue. In June, Sanjeev Mohan, a former Gartner analyst who now runs SanjMo, a data trend advisory firm, told TechCrunch that there would be a lot of consolidation this year. He said that customers have long been tired of having to use a laundry list of different data companies to build their data infrastructure stack. The fact that enterprises want to adopt AI has made this data fragmentation more apparent. Mohan added that any good data startup that's not getting acquired in this environment is likely just too expensive.

Veeam to acquire Securiti AI for $1.7B, boosting company's data protection platform

Veeam Software, the data backup and recovery company that recently moved its headquarters to the Seattle area, announced plans to acquire Securiti AI for $1.725 billion. Securiti AI, based in San Jose, Calif., helps enterprises manage data security posture, privacy, and compliance across cloud and software platforms. The deal aims to integrate Securiti's Data Security Posture Management (DSPM) and "AI trust" technologies with Veeam's core data resilience tools, giving companies a single platform to manage, secure, and recover their data while safely deploying artificial intelligence systems. "We've entered a new era for data. It's no longer about just protecting data from cyber threats and unforeseen disasters; it's also about identifying all your data, ensuring it's governed and trusted to power AI transparently," Veeam CEO Anand Eswaran said in a statement. Rehan Jalil, Securiti's CEO and a cybersecurity entrepreneur, will join Veeam as president of security and AI once the deal closes, expected in the fourth quarter. Securiti, founded in 2019, raised a $75 million Series C round in 2022. Veeam, which reached a $15 billion valuation earlier this year, relocated its headquarters from Columbus, Ohio, to the Seattle area in 2024, citing the region's deep technical talent pool. The company employs about 6,000 people globally and protects data for more than 550,000 customers, including two-thirds of the Global 2000. Veeam moved its headquarters from Switzerland to the U.S. following its March 2020 acquisition by private equity firm Insight Partners -- a deal that valued the company at $5 billion at the time. Veeam CEO Anand Eswaran, who joined the company in December 2021, previously worked in the Seattle area as the corporate vice president of Microsoft Enterprise. He was most recently president at RingCentral.

Veeam to acquire Securiti for $1.7B+ to accelerate safe AI at scale - SiliconANGLE

Veeam to acquire Securiti for $1.7B+ to accelerate safe AI at scale Veeam Software Group GmbH today announced a definitive agreement to acquire Securiti Inc. for $1.725 billion, by far the largest purchase made by the company to date. Though Veeam has made many acquisitions under the tenure of Chief Executive Anand Eswaran (pictured), this is the first in the security market. As a data protection company, Veeam can be thought of as "security-adjacent," but now squarely enters the artificial intelligence cybersecurity race. Securiti had raised $156 million from three rounds of funding with major investors, including Mayfield, General Catalyst, Workday Ventures and Capital One Ventures. The $1.725 billion is about three times its last valuation of $575 million. Though this may seem steep, valuation in the software-as-a-service and cybersecurity markets is often judged by revenue multiples. Securiti has not reported revenue publicly, but the private equity tracking sites estimate that in the last 12 months, revenue was in the $300 million to $400 million range, which would suggest an acquisition multiple of about five times revenue. This might seem aggressive, but it's defensible for a high-growth, category-defining asset in a hot market segment. Also, it has always been my belief that if an acquisition transforms a company, which this should for Veeam, then a couple of hundred million here and there won't make a difference year from now. AI supremacy will be built on data and this purchase enables Veeam to bring together data protection, security, governance, privacy and AI trust into a unified platform enabling its customers to accelerate safe AI at large scale. Post-acquisition, Securiti will be a separate division under the broader Veeam company, like the way Kasten is run today. The combined companies will benefit Veeam customers as it will bring new capabilities to access all their structured and unstructured data, enabling them to realize four big benefits: Before the announcement, I spoke with Eswaran and Securiti CEO Rehan Jalil to discuss why they made the deal and what benefits they expect the combination of Veeam and Securiti will deliver to customers. Eswaran said the union of Seattle-based Veeam and Securiti, which is headquartered in San Jose, will provide organizations with "one trusted data graph scanning primary and secondary data and one command center, which is the key to understand and secure your data." Jalil, who will become president of security and AI for Veeam once the transaction closes, said his company provides capabilities that fit well with Veeam's data protection, backup and disaster recovery solutions. "Securiti brings complementary technology, unified controls, which are security controls, access controls and privacy and AI controls," he said. "Some of these categories are really on a fire, like DSPM. Some of the largest organizations, including four airlines in North America, big banks, major telcos and some of the largest retailers use Securiti for these use cases." He summed up Securiti's philosophy succinctly: "We provide customers with all the security for their data to make sure bad things don't happen to the data. But if something goes wrong, we provide resilience." Much of Securiti's value comes from its Data Command Graph, which constructs a knowledge graph that maps a network of all data assets. This graph provides a contextual relationship between every object tied to data, including: This single-pane-of-glass Data Command Center allows users to flip the view instantly: This level of comprehensive, real-time context enables actionability, including labeling data for AI agents, controlling access and ensuring cross-border policy enforcement. As with most industries, AI is playing an ever-bigger role in how companies operate, particularly in the technology sector. The acquisition of Securiti AI is expected to inject a significant growth vector to Veeam's strong, fast-growing business. "This is where we basically come together to create the first platform which represents the entire data estate in a meaningful way," said Eswaran. "And we combine everything Veeam has stood for with Securiti's data command graph, which will then be taken up one layer to look across this entire data estate, and look across the entire agentic AI capabilities. And that's how you start to get to accelerating safe AI at scale. "Veeam and Securiti coming together secures the future," he said. "What we're trying to do here is what no company has done before -- provide a unified view of data to accelerate safe AI at scale." From a competitive position, this helps Veeam continue to pull away from the legacy backup and recovery vendors such as Dell Technologies Inc. and Cohesity Inc.'s Veritas. It also creates an interesting competitive dynamic with Rubrik Inc., whose go-to-market has been the strength of its DSPM. Rubrik has a strong DSPM solution but doesn't have Veeam's data recovery chops to act on incidents. I brought this up on my call with Eswaran and he agreed and told me old -chool snapshots and recovery, which is how data protection works today, needs to give way to autonomous AI. This move is a textbook example of a late-stage private company making a strategic, high-impact acquisition designed to maximize its public market debut. The biggest benefit is the company can re-rate the business from "backup" to "AI security," which should have greater investor appeal and a higher valuation multiple. It also enhances the stickiness and value to Veeam's existing customer base creating a strong platform advantage. Eswaran has yet to give a timeline to IPO, but this creates a direct AI play, which squarely moves Veeam to where the puck is going.

Veeam's $1.72B Acquisition Of Securiti Takes Aim At 90 Percent AI Project Failure Rate: CEO Anand Eswaran

'The lack of a unified platform across the entire data estate is the primary reason for that 90 percent failure rate of AI projects. What we're trying to do with this acquisition is launch the industry's first solution which will unify data security and data resilience across the entire data estate, primary and backup data and structured and unstructured data. This is the key and the core to accelerating safe AI at scale. That is at the heart of what Veeam is doing,' says Veeam CEO Anand Eswaran. Veeam CEO Anand Eswaran told CRN his company's blockbuster $1.72 billion acquisition of AI data cybersecurity upstart Securiti is set to provide a unified platform across the entire data estate that takes aim directly at the 90 percent failure rate of AI projects. "The lack of a unified platform across the entire data estate is the primary reason for that 90 percent failure rate of AI projects," Eswaran said. "What we're trying to do with this acquisition is launch the industry's first solution which will unify data security and data resilience across the entire data estate, primary and backup data and structured and unstructured data. This is the key and the core to accelerating safe AI at scale. That is at the heart of what Veeam is doing." The acquisition will create a comprehensive platform integrating data security posture management (DSPM), data resilience, AI trust, and enterprise search. [Related: Veeam CEO Outlines Six Keys To Channel Success] Securiti's DPSM offering spans privacy, governance, access, and AI trust across hybrid, multi-cloud, and SaaS platforms. The company claims its built-in and extensible agentic AI framework automates the key functions for data intelligence, data security, and controls, while its Gencore AI module enables safe enterprise AI search. "Gencore comes integrated deeply with the same identity and permissioning models, which they have for the rest of the stack, which just is built in," Eswaran said. "It's amazing. Essentially, it allows Veeam to then unify data security poster management or DSPM with resilience, AI, trust and enterprise search all into one data command center, creating one knowledge graph across the whole thing. And this is the core. It allows Veeam to extend it to AI pipes. This is how we flip that 90 percent failure rate to a 90 percent success rate for AI projects." Securiti's unified knowledge graph across the entire data estate effectively provides data governance based on the right permissions and entitlements, Eswaran said. "When you do that, you get to an even more mature agentic AI-based data protection solution, or resilient solutions across humans and agents," he said. That opens the door for Veeam to "further fine tune agentic AI-based dynamic policies," constantly adapting to live data created in a dynamic agentic AI world, Eswaran said. "If bad things were to happen, it's not now just recovering data," he said. "It allows Veeam to recover and roll back AI surgically to the right place." Veeam said it will continue to offer Securiti's Data Command Center alongside its existing product family and will introduce new capabilities after the deal closes. Securiti founder and CEO Rehan Jalil - a serial entrepreneur who founded the company in 2019 - will join Veeam as president of security and AI when the deal is completed. The deal is expected to close in early December. Veeam anticipates the acquisition will accelerate growth, with the company projected to reach $2 billion in annual recurring revenue this year not including the Securiti revenue.