Data resilience company Veeam wants to give its customers more control and security over their data in the age of AI. The Kirkland, Washington-based company announced that it has signed a definitive agreement to acquire Securiti AI, a company that gives enterprises a command center for all of their data. The deal is valued at one point seven two five billion dollars, a mix of cash and stock, and is expected to close in the first week of December.
Securiti was founded in 2019 by Rehan Jalil. The company raised more than one hundred fifty-six million dollars in venture capital from investors, including Mayfield, General Catalyst, and Cisco Investments, among others.
Upon the close of the transaction, the Insight Partners-owned Veeam will offer Securiti’s data command center product alongside its existing offerings. Jalil will join Veeam as the president of security and AI.
Veeam CEO Anand Eswaran stated that we have entered a new era for data. He explained that it is no longer just about protecting data from cyber threats and unforeseen disasters, but also about identifying all your data and ensuring it is governed and trusted to power AI transparently.
Veeam closed a two billion dollar secondary sale in December 2024 that valued the company at fifteen billion dollars. At that time, Eswaran said one of the company’s plans for 2025 was to find acquisition targets that were complementary to the company’s data resilience business.
This acquisition news comes amid a year of consolidation in the data industry as data companies are being bought to help companies improve their data stack and assist their clients with AI adoption.
For example, in May, Databricks acquired Neon for one billion dollars. A few weeks later, Salesforce acquired the legacy cloud data management platform Informatica for eight billion dollars.
While these transactions have become less frequent now than they were in the first half of the year, they seem likely to continue. In June, Sanjeev Mohan, a former Gartner analyst who now runs SanjMo, a data trend advisory firm, stated that there would be a lot of consolidation this year.
He said that customers have long been tired of having to use a laundry list of different data companies to build their data infrastructure stack. The fact that enterprises want to adopt AI has made this data fragmentation more apparent. Mohan added that any good data startup not getting acquired in this environment is likely just too expensive.