Veeam just dropped $1.725 billion to acquire Securiti AI, signaling the data industry's biggest bet yet on AI-powered enterprise security. The cash-and-stock deal, expected to close in December, transforms the Kirkland-based data resilience company into a comprehensive data governance powerhouse at a time when enterprises are scrambling to secure their AI initiatives.
The enterprise data world just got a major reshuffling. Veeam, the data resilience company valued at $15 billion, announced it's acquiring Securiti AI for $1.725 billion in a mix of cash and stock. The deal, first reported by Bloomberg, is expected to close the first week of December.
This isn't just another acquisition - it's Veeam's boldest move to dominate the AI-era data stack. "We've entered a new era for data," Veeam CEO Anand Eswaran said in a company press release. "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."
Securiti AI, founded in 2019 by Rehan Jalil, has raised over $156 million from top-tier investors including Mayfield, General Catalyst, and Cisco Investments. The startup built what it calls a "data command center" - essentially giving enterprises a unified control panel for all their scattered data assets. In the deal, Jalil will join Veeam as president of security and AI, a newly created role that signals how seriously the company is taking this AI pivot.
The timing couldn't be more strategic. Enterprises are facing a perfect storm of data challenges as they rush to adopt AI. Companies want the benefits of large language models and machine learning, but they're terrified of exposing sensitive data or running afoul of increasingly strict regulations. Traditional data backup and recovery - Veeam's bread and butter - suddenly isn't enough.
Insight Partners-owned Veeam telegraphed this move back in December 2024 when it closed a massive $2 billion secondary sale. At the time, Eswaran specifically mentioned that finding complementary acquisition targets was a key priority for 2025. The Securiti deal delivers exactly that - a company that doesn't compete with Veeam's core backup business but extends it into the hot AI governance space.
