Veeam acquires data security company Securiti AI for $1.7bn

Data resiliance institution Veeam wants to springiness its customers much power and information implicit their information successful the property of AI.

The Kirkland, Washington-based institution announced connected Tuesday that it has signed a definitive statement to get Securiti AI, a institution that gives enterprises a bid halfway for each of their data. The $1.725 cardinal woody is simply a premix of currency and banal and is expected to adjacent the archetypal week of December, arsenic archetypal reported by Bloomberg.

Securiti was founded successful 2019 by Rehan Jalil. The institution raised much than $156 cardinal successful task superior from investors including Mayfield, General Catalyst and Cisco Investments, among others.

Upon the adjacent of the transaction, the Insight Partners-owned Veeam volition connection Securiti’s information bid halfway merchandise alongside its existing offerings. Jalil volition articulation Veeam arsenic the president of information and AI.

“We’ve entered a caller epoch for data. It’s nary longer astir conscionable protecting information from cyber threats and unforeseen disasters; it’s besides astir identifying each your data, ensuring it’s governed and trusted to powerfulness AI transparently,” Anand Eswaran, Veeam CEO, said successful a company property release.

Veeam closed a $2 cardinal secondary merchantability successful December 2024 that valued the institution astatine $15 billion. At the time, Eswaran said that 1 of the company’s plans for 2025 was to find acquisition targets that were complimentary to the company’s information resilience business.

This acquisition quality comes amid a twelvemonth of consolidation successful the information industry arsenic information companies are getting bought to assistance companies amended their information stack to assistance their clients follow AI.

In May, Databricks acquired Neon for $1 billion. Salesforce acquired bequest unreality information absorption platform Informatica a fewer weeks aboriginal for $8 billion.

While these transactions person go little predominant now, than they were successful the archetypal fractional of the year, they look apt to continue. In June, Sanjeev Mohan, a erstwhile Gartner expert who present runs SanjMo, a information inclination advisory firm, told TechCrunch that determination would beryllium a batch of consolidation this year.

He said that customers person agelong been bushed of having to usage a laundry database of antithetic information companies to physique their information infrastructure stack. The information that enterprises privation to follow AI has made this information fragmentation much apparent.

Mohan added that immoderate bully information startup that’s not getting acquired successful this situation is apt conscionable excessively expensive.