Microsoft invests in Veeam for AI-driven data resilience solutions

Investing.com -- Microsoft (NASDAQ:MSFT) has made an undisclosed equity investment in Veeam Software (ETR:SOWGn), a cloud data company. This investment is a part of an expanded partnership aimed at building artificial intelligence (AI) products, Veeam announced on Tuesday.

Veeam’s software is specifically designed to aid customers in quickly recovering their data following cybersecurity incidents, ransomware attacks, or instances of accidental data loss. The company’s core product supports immutable backups, which prevent ransomware from altering or deleting data. This ensures that clean copies of data remain available for recovery, even if hackers encrypt files.

In 2021, Microsoft had invested in Rubrik, another cybersecurity firm that also provides data backup and recovery solutions. With Microsoft’s support, Veeam plans to concentrate on research and development investments, design collaboration, and other areas. The company will also integrate Microsoft’s AI services into its products.

Insight Partners, a U.S. private equity firm and the largest shareholder in Veeam, sold a $2 billion stake in the company in a secondary sale in December last year, valuing the firm at $15 billion. Insight Partners had acquired Veeam for approximately $5 billion in 2020.

Veeam, founded in 2006, serves more than 550,000 customers worldwide, including corporations like Deloitte and Canon.

The expanded partnership with Microsoft will allow Veeam to build AI solutions that help customers protect, recover, and unlock more value from their data. By integrating Microsoft AI into Veeam’s data resilience platform, the company aims to support customers in gaining faster insights, smarter threat detection, and more automated recovery, ensuring data security and reliability.

Veeam will focus on research and development investments, architectural expertise, and design collaboration with Microsoft’s support to accelerate AI-powered innovations for customers. The company plans to integrate Microsoft AI services, including machine learning, to enhance its data cloud for Microsoft 365 and its data cloud vault.

The integration of Veeam’s software with Microsoft AI will help organizations detect suspicious activity before it escalates, identify backup vulnerabilities that need attention, automate compliance and recovery reporting, and accelerate data restores.

Veeam Data Cloud, built on Microsoft Azure, provides backup-as-a-service for Microsoft 365 and Microsoft Azure. This service includes backup software, infrastructure, and storage, which keeps costs low and predictable while simplifying management. The architecture of this service is built on Zero Trust principles and leverages Azure Blob Storage isolated from production environments. It is continuously versioned and maintained, and keeps backups safe, secure, and ready for fast recovery.

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