Veeam acquires Securiti AI in $1.725 billion deal to bolster AI data security, its biggest acquisition ever

Veeam Software just made its biggest move. The cloud data startup announced Tuesday it plans to acquire Securiti AI for $1.725 billion in cash and stock, marking its largest acquisition to date and a decisive step into AI-driven cybersecurity. The deal is expected to close in early December pending regulatory approvals. Once complete, the deal will merge Veeam’s backup and recovery strength with Securiti’s expertise in AI data governance, privacy, and trust.

Bloomberg also confirmed the acquisition, reporting “Veeam Software, owned by private equity firm Insight Partners, agreed to buy Securiti AI for about $1.73 billion in cash and stock, adding software that helps secure corporate data used in artificial intelligence applications.”

“With the acquisition of Securiti AI, Veeam eliminates the challenge of managing fragmented data across apps, clouds, SaaS, endpoints, and backups. CIOs, CISOs, and CDOs will have a unified command center to fully control and understand all their data, as well as secure it with near-zero data loss or business downtime, recover and rollback data and AI with precision, and safely unleash AI innovation,” Veeam said in a news release.

This acquisition triples Securiti’s 2023 valuation of $575 million and values the San Jose-based startup at roughly five times its trailing 12-month revenue of $300–400 million. For Veeam, it’s a statement of intent—an effort to unify fragmented data protection under one intelligent platform. The company plans to keep Securiti as a standalone division, similar to its integration of Kasten, and will retain the Securiti Data Command Center brand.

A $1.7 Billion Bet on AI Security

The price tag may seem steep, but the logic is clear. Enterprises are flooded with unstructured data scattered across apps, clouds, endpoints, and SaaS platforms. That chaos makes security and compliance a constant headache, especially as organizations rush to build on AI. By bringing Securiti into its fold, Veeam gives CIOs and CISOs something they’ve been asking for: a single control plane that lets them see, secure, and recover all their data in one place—production or backup, structured or unstructured.

Veeam says the combined platform will allow enterprises to recover and roll back data and AI models with near-zero loss or downtime, while keeping privacy and compliance intact. In short, it’s a play for “safe AI at scale.” The company expects the deal to be accretive to earnings by the second half of 2026.

From Backup Giant to AI Security Powerhouse

Headquartered in the Seattle area, Veeam protects more than 550,000 customers, including two-thirds of the Global 2000. It has long dominated data resilience and backup across cloud, virtual, physical, and SaaS environments. But under CEO Anand Eswaran, the company has been steadily reshaping its identity. After a $5 billion acquisition by Insight Partners in 2020 and a $15 billion valuation in a 2023 secondary offering led by TPG, Veeam is signaling that it’s ready for its next chapter.

This deal moves the company beyond its reputation as a backup provider. With AI now touching every corner of enterprise IT, data protection alone isn’t enough. Companies need assurance that their information is accurate, governed, and trusted before it fuels any AI system. As Eswaran put it, “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.”

Inside Securiti AI

Founded in 2019, Securiti AI quickly became a standout in the data security posture management (DSPM) space. Its Data Command Center acts like a nerve system for corporate data, using a knowledge graph to map sensitive information, users, and AI models across environments. That visibility allows for automatic compliance, security enforcement, and access control.

Its Gencore AI module extends those capabilities to enterprise AI search and governance—helping companies manage risks tied to large language models, such as the OWASP Top 10 vulnerabilities. Backed by investors like General Catalyst, Mayfield, Workday Ventures, and Citi Ventures, the company raised $156 million across three rounds and now employs around 600 people.

CEO Rehan Jalil, who previously sold Elastica to Symantec, will join Veeam as President of Security and AI. His vision aligns neatly with Eswaran’s. “Enterprise AI is simply not possible without data security,” Jalil said. “Securiti AI solves that and enables the safe use of data and AI. Bringing together our unique capabilities with Veeam creates a new value proposition for customers.”

Shifting the Market

Analysts see the acquisition as both defensive and visionary. Rubrik’s IPO and Cohesity’s growth have intensified competition in data protection, but none have yet fused it seamlessly with AI trust and privacy. By doing so, Veeam positions itself ahead of the curve—ready for a future where every enterprise must prove its data is secure, explainable, and compliant before it can train an AI model.

Paul Stringfellow of GigaOm said the deal bridges critical gaps across security, compliance, and governance for AI-driven organizations. ZK Research’s Zeus Kerravala added that it rebrands Veeam “from a backup company to an AI security innovator.”

Veeam’s next move comes on November 19, when it hosts a virtual event to detail how the integration will unfold. For now, this $1.7 billion acquisition marks a new frontier for the company—where data resilience meets AI trust, and where the line between backup and security begins to disappear.

Veeam CEO