Veeam Software, the information backup and restoration firm that lately moved its headquarters to the Seattle space, announced plans to amass Securiti AI for $1.725 billion.
Securiti AI, based mostly in San Jose, Calif., helps enterprises handle knowledge safety posture, privateness, and compliance throughout cloud and software program platforms. The deal goals to combine Securiti’s Information Safety Posture Administration (DSPM) and “AI belief” applied sciences with Veeam’s core knowledge resilience instruments, giving firms a single platform to handle, safe, and get better their knowledge whereas safely deploying synthetic intelligence methods.
“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,” Veeam CEO Anand Eswaran stated in an announcement.
Rehan Jalil, Securiti’s CEO and a cybersecurity entrepreneur, will be a part of Veeam as president of safety and AI as soon as the deal closes, anticipated within the fourth quarter.
Securiti, based in 2019, raised a $75 million Collection C spherical in 2022.
Veeam, which reached a $15 billion valuation earlier this 12 months, relocated its headquarters from Columbus, Ohio, to the Seattle space in 2024, citing the area’s deep technical expertise pool. The corporate employs about 6,000 individuals globally and protects knowledge for greater than 550,000 prospects, together with two-thirds of the International 2000.
Veeam moved its headquarters from Switzerland to the U.S. following its March 2020 acquisition by personal fairness agency Perception Companions — a deal that valued the corporate at $5 billion on the time.
Veeam CEO Anand Eswaran, who joined the corporate in December 2021, beforehand labored within the Seattle space as the company vp of Microsoft Enterprise. He was most lately president at RingCentral.
