Knowledge resiliance firm Veeam needs to present its prospects extra management and safety over their knowledge within the age of AI.
The Kirkland, Washington-based firm introduced on Tuesday that it has signed a definitive settlement to amass Securiti AI, an organization that provides enterprises a command middle for all of their knowledge. The $1.725 billion deal is a mixture of money and inventory and is predicted to shut the primary week of December, as first reported by Bloomberg.
Securiti was based in 2019 by Rehan Jalil. The corporate raised greater than $156 million in enterprise capital from traders, together with Mayfield, Basic Catalyst, and Cisco Investments, amongst others.
Upon the shut of the transaction, the Perception Companions-owned Veeam will supply Securiti’s knowledge command middle product alongside its current choices. Jalil will be a part of Veeam because the president of safety and AI.
“We’ve entered a brand new period for knowledge. It’s now 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,” Anand Eswaran, Veeam CEO, stated in an organization press launch.
Veeam closed a $2 billion secondary sale in December 2024 that valued the corporate at $15 billion. On the time, Eswaran stated that one of many firm’s plans for 2025 was to search out acquisition targets that had been complementary to the corporate’s knowledge resilience enterprise.
This acquisition information comes amid a yr of consolidation within the knowledge trade as knowledge firms are getting purchased to assist firms enhance their knowledge stack to assist their purchasers undertake AI.
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In Could, Databricks acquired Neon for $1 billion. Salesforce acquired legacy cloud knowledge administration platform Informatica just a few weeks later for $8 billion.
Whereas these transactions have grow to be much less frequent now than they had been within the first half of the yr, they appear prone to proceed. In June, Sanjeev Mohan, a former Gartner analyst who now runs SanjMo, a knowledge pattern advisory agency, advised iinfoai that there could be lots of consolidation this yr.
He stated that prospects have lengthy been bored with having to make use of a laundry listing of various knowledge firms to construct their knowledge infrastructure stack. The truth that enterprises need to undertake AI has made this knowledge fragmentation extra obvious.
Mohan added that any good knowledge startup that’s not getting acquired on this surroundings is probably going simply too costly.
