Veeam Software has agreed to acquire California-based data privacy management company Securiti AI in a deal valued at about $1.73 billion, as the cloud data protection firm accelerates efforts to strengthen its position in cybersecurity and artificial intelligence infrastructure.
The companies announced on Tuesday that the acquisition will integrate Securiti AI’s flagship Data Command Center — a platform used to unify and secure data across multiple cloud environments — with Veeam’s established backup and recovery software suite. The integration is aimed at helping organizations manage, protect, and govern data used in AI applications, a growing challenge amid rising concerns about data breaches and privacy compliance.
The transaction, expected to close in the fourth quarter of 2025, underscores the growing convergence between data protection and AI governance as enterprises race to adopt generative AI and other machine learning technologies.
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The acquisition positions Veeam to compete more aggressively with rivals such as Rubrik and Commvault Systems — both of which have expanded their portfolios to include AI-driven data management tools.
Veeam, long known for its enterprise-grade backup solutions that enable quick recovery after ransomware or data loss incidents, will now gain deeper visibility into how sensitive information moves across multi-cloud environments.
Under the agreement, Rehan Jalil, Securiti AI’s Chief Executive Officer, will join Veeam as President of Security and AI once the deal is finalized.
Morgan Stanley acted as financial adviser to Securiti AI, while JPMorgan provided financing to Veeam for the acquisition.
Veeam said it will continue to offer Securiti AI’s Data Command Center as a standalone product while also developing integrated solutions that combine it with Veeam’s existing data protection platform. Those integrations are expected to be announced in the coming months.
The move comes as businesses face a wave of cybersecurity threats targeting cloud systems and AI pipelines. Veeam’s backup technology — known for immutable backups that prevent ransomware from modifying or deleting files — has become a key defense mechanism for organizations seeking to recover clean data copies after cyberattacks.
Securiti AI’s tools will expand that functionality by allowing users to not only restore data but also identify, categorize, and secure sensitive information across cloud services, an essential step for meeting tightening privacy regulations in the United States and abroad.
The deal also represents one of the most significant acquisitions in the data management space since Insight Partners, a U.S. private equity firm, acquired Veeam for about $5 billion in 2020. Insight remains the company’s largest shareholder.
In December 2024, Insight sold a $2 billion stake in Veeam through a secondary sale that valued the backup software firm at approximately $15 billion, signaling sustained investor confidence in its growth trajectory.
The acquisition of Securiti AI could further increase that valuation, analysts said, given the strategic importance of AI governance and data security integration in enterprise software markets.
Securiti AI, founded in San Jose, California, has built its reputation around helping companies map and control personal and enterprise data across hybrid and cloud systems. Its platform automates the discovery of data assets, monitors usage, and enforces privacy controls — functions that are increasingly vital as enterprises deploy large AI systems capable of processing millions of data points.
The acquisition forms part of an ongoing wave of consolidation in the data management and cybersecurity sectors as cloud adoption accelerates. Rivals like Rubrik have already gone public, emphasizing their AI-based data security offerings, while Commvault has expanded its partnerships with hyperscale cloud providers such as Microsoft Azure and Amazon Web Services.
Veeam, by contrast, has remained privately held but has consistently grown its enterprise customer base, with millions of workloads protected across on-premises, hybrid, and public cloud environments. The addition of Securiti AI could allow it to extend those capabilities into AI data governance, an area still underserved by traditional backup solutions.
The Veeam–Securiti AI combination is seen as both a defensive and offensive move — defensive in that it protects data in increasingly complex environments, and offensive in that it positions Veeam at the forefront of AI-related data management, a market projected to exceed $50 billion by 2030, according to IDC estimates.
Once the deal closes later this year, Veeam is expected to detail how it will merge Securiti AI’s capabilities into its product roadmap, potentially reshaping how enterprises approach data privacy, backup, and AI security in the age of digital transformation.