Veeam Acquires Securiti AI in $1.725 Billion Deal, Reshaping Data Resilience
Summary: Seattle-based Veeam Software has acquired Securiti AI, a cybersecurity and data protection startup founded by Pakistani entrepreneur Rehan Jalil, for $1.725 billion. This significant acquisition aims to combine data resilience with advanced AI-driven data security, privacy, and governance, crucial for the evolving landscape of enterprise AI. Rehan Jalil will lead Veeam’s new Security and AI division.
A Pakistani-founded AI startup, Securiti AI, has been acquired by Seattle-based Veeam Software in a deal valued at $1.725 billion. This landmark transaction sees Veeam, a leader in data resilience, integrating Securiti AI’s innovative capabilities in data security posture management (DSPM), privacy, governance, and AI trust. The move is set to redefine how enterprises protect and leverage their vast data estates.
This strategic acquisition marks a pivotal moment for both companies. Veeam stated, “Veeam and Securiti AI unify data resilience with Data Security Posture Management, privacy, governance, and AI trust spanning production and secondary data.” Data resilience refers to a system’s ability to withstand and recover from disruptions, from cyberattacks to human errors.
The Vision Behind the Pakistani-Founded AI Startup Acquisition
Anand Eswaran, CEO at Veeam, emphasized the evolving nature of data protection. “We’ve entered a new era for data,” he explained. “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.” He highlighted that failing to secure trusted data is a critical factor in unsuccessful AI initiatives, making this unified solution vital. Customers will gain a “data command center” to understand, secure, recover, and unleash their data for AI.
Following the acquisition’s close, Rehan Jalil, the founder and CEO of Pakistani-founded AI startup Securiti AI, will join Veeam as President of Security and AI. Jalil brings a remarkable entrepreneurial track record to his new role. He previously founded cloud security company Elastica, which merged with Blue Coat for $280 million before being acquired by Symantec for $4.7 billion. His earlier venture, WiChorus, a network management software developer, was acquired by Tellabs for $180 million. Jalil is a graduate of NED University, Purdue University, and Harvard Business School.
“Enterprise AI is simply not possible without data security. Securiti AI solves that and enables the safe use of data and AI,” Jalil stated. He believes the combination of Veeam’s global reach and Securiti AI’s technology will provide “unmatched business resilience and security to fully unlock the benefits of AI.” This collaboration is expected to address critical data challenges reported by outlets like SindhNews.com.
The integration of Securiti AI’s data security and governance expertise with Veeam’s robust data resilience capabilities aims to provide a comprehensive solution for customers. This holistic approach ensures data remains secure, compliant, and trustworthy, enabling businesses to confidently harness the power of artificial intelligence.
Conclusion:
The acquisition of Securiti AI by Veeam Software for $1.725 billion represents a significant consolidation in the cybersecurity and data management landscape. By converging data resilience with advanced security, privacy, and AI trust, the combined entity is poised to equip enterprises with the tools necessary to navigate the complexities of modern data environments and successfully deploy AI initiatives.