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.
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