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Veeam to Acquire Securiti AI for $1.73 Billion to Strengthen Cloud Data and AI Security

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Veeam Software announced on Tuesday that it will acquire Securiti AI for about $1.73 billion, a major deal aimed at enhancing data protection and governance across cloud and AI applications. The acquisition combines Veeam’s backup and recovery software with Securiti’s Data Command Center, a platform designed to unify, secure, and manage sensitive data spread across multiple cloud environments.

The move positions Veeam to better compete with Rubrik and Commvault Systems, as organizations increasingly demand integrated solutions that address both cybersecurity resilience and AI data governance. With cyberattacks and ransomware incidents on the rise, Veeam aims to strengthen its foothold in the fast-growing market for secure cloud data management.

Following the acquisition, Securiti AI CEO Rehan Jalil will join Veeam as President of Security and AI, reflecting the company’s commitment to embedding data protection more deeply into its products. The deal, expected to close in the fourth quarter, was supported by Morgan Stanley, which advised Securiti AI, while JPMorgan provided financing for Veeam.

Veeam said it will continue to offer Securiti’s flagship Data Command Center while developing new integrated capabilities. The acquisition follows a period of significant valuation growth for Veeam: private equity firm Insight Partners, its largest shareholder, sold a $2 billion stake in 2023, valuing the company at $15 billion, up from its $5 billion acquisition price in 2020.

Veeam’s software is widely used to protect enterprise data from ransomware attacks and accidental loss, offering immutable backups that ensure recovery even when files are encrypted by hackers.

Netskope hits $8.8B valuation as shares soar in Nasdaq debut

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Cybersecurity company Netskope reached a valuation of $8.79 billion on Thursday after its shares jumped 21% in their Nasdaq debut, extending a strong run of tech IPOs this year.

The Santa Clara-based firm’s stock opened at $23, well above the $19 offer price. Netskope raised $908.2 million by selling 47.8 million shares at the top of its $17–$19 range, in an offering that was oversubscribed 20 times, according to CEO Sanjay Beri.

Investor appetite for new issues has surged, with recent listings such as design software firm Figma (FIG.N) drawing strong demand. Netskope’s debut comes as enterprises step up cybersecurity spending amid rising AI-driven threats.

“AI is kind of right in our wheelhouse—securing it, enabling companies to say yes to leveraging it by putting guardrails around it,” Beri told Reuters, adding that going public will help boost Netskope’s visibility.

Founded in 2012, Netskope offers cloud-based security solutions that protect apps, websites, and data. The company was last valued at over $7.5 billion in a 2021 round led by ICONIQ. Its competitors include Palo Alto Networks (PANW.O) and Zscaler (ZS.O).

Analysts caution that Netskope’s long-term success will hinge on profitability, execution, and broader market conditions. “Cybersecurity remains one of the few tech sectors with clear structural demand, yet recent IPO performances have been mixed,” said Kat Liu of IPOX.

While Rubrik (RBRK.N) shares have surged since their debut last year, SailPoint (SAIL.O) has struggled to trade above its offer price. Netskope’s performance will be closely watched as a bellwether for the sector.

Palantir Warns Against DeepSeek AI, Projects Strong 2025 Revenue

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Palantir has advised its clients, particularly those in the U.S. government, against using AI models developed by Chinese startup DeepSeek, citing security concerns. Chief Revenue Officer Ryan Taylor stated that no U.S. government entity would be able to use DeepSeek’s technology. His comments follow reports that federal agencies, including NASA, have banned the use of DeepSeek’s AI.

Despite these concerns, Palantir reported strong financial projections, forecasting first-quarter and full-year revenue above Wall Street expectations. The company expects 2025 revenue to range between $3.74 billion and $3.76 billion, surpassing analysts’ estimates of $3.52 billion. This optimistic outlook drove Palantir’s stock up 22% in extended trading.

More than 40% of Palantir’s fourth-quarter sales came from the U.S. government, reflecting its deep ties to federal agencies. Analyst Gil Luria noted that Palantir’s strategic vision aligns well with current government priorities. However, the company is actively expanding its commercial sector presence, projecting a 54% increase in U.S. business revenue to over $1.8 billion in 2025.

Palantir’s AI platform, AIP, has gained traction as businesses seek to deploy generative AI for testing, debugging, and scenario analysis. Additionally, Taylor suggested that the expanded tariffs announced by former President Trump could boost demand for Palantir’s supply-chain and logistics analytics.

For the fourth quarter, Palantir reported adjusted earnings of 14 cents per share, beating analysts’ expectations of 11 cents. It also forecast first-quarter revenue between $858 million and $862 million, well above the estimated $799.4 million.