Veeam Software

What Veeam Software does

Veeam Software is a privately held provider of data resilience and data management solutions, founded in 2006 and headquartered in Columbus, Ohio (with its principal legal entity, Veeam Software Group GmbH, domiciled in Zug, Switzerland). The company serves 550,000+ customers across 60+ countries, including 70% of the Global 2000 and 82% of the Fortune 500, with a workforce of 6,600+ employees. Veeam holds the #1 worldwide market share in data protection software at 13.6% per IDC's 2H 2025 tracker and is a nine-time Leader in Gartner's Magic Quadrant for Data Protection.

The company's core technology is the Veeam DataAI Command Platform, a unified platform combining data resilience, security posture management (DSPM/AI-SPM), governance, privacy, and compliance via a DataAI Command Graph with 300+ connectors across cloud, SaaS, and on-premises environments. Underlying products include Veeam Data Platform v13.1 (70+ new capabilities, including post-quantum cryptography), Veeam Kasten for Kubernetes, Veeam Data Cloud (BaaS for Microsoft 365, Entra ID, Salesforce), Veeam Data Cloud Vault (Azure-managed storage), Object First Ootbi immutable backup storage, Coveware cyber extortion response, and Alcion AI-based Microsoft 365 backup. The Veeam DataAI Command Platform layers AI agents (Agent Commander, Consent Agent, DSR Agent, Assessment Agent) and the GenCore generative AI platform atop Securiti AI technology acquired in December 2025 for $1.725 billion.

Veeam operates a hybrid go-to-market combining direct enterprise sales, the ProPartner channel ecosystem (VARs, MSPs/CSPs, GSIs, distributors/aggregators), cloud marketplaces (AWS, Azure, Google Cloud), and a freemium funnel driving Community Editions of Veeam Backup & Replication, Veeam ONE, and Veeam Kasten into paid subscriptions. Revenue streams include the Veeam Universal License (VUL) subscription (1/3/5-year terms), legacy perpetual socket-based licenses with separate maintenance, Veeam Cyber Secure elite services with up to $5M ransomware warranty, Coveware retainer-based incident response, usage-based Veeam Data Cloud Vault, and freemium Community Editions. The company is approximately valued at $15 billion as of May 2026, following a $2 billion TPG-led funding round in December 2024 and the Securiti AI acquisition completed in December 2025.

Name

Veeam Software

Legal name

Veeam Software Group GmbH

Website

https://veeam.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Veeam Software is a privately held data resilience and data management vendor serving 550,000+ customers across 60+ countries, including 70% of the Global 2000, with its Veeam DataAI Command Platform unifying backup, recovery, DSPM, and AI-trust capabilities.

Ownership category

akta.pro rank

Product category

Data Protection and Cyber Resilience Software

NAICS

Software Publishers (5132), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (54151), Security Systems Services (except Locksmiths) (561621)

SIC

Services-Prepackaged Software (7372)

akta.pro industry

PRIMARYHDABAIAB

Backup & Restore Platforms (Cloud Backup)

Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Disaster Recovery, Business Continuity & High Availability

SECONDARYBPAEACAJ

Cloud DR, Backup & Business Continuity

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/Cloud Services & Cloud Migration

SECONDARYBPAEALAG

Cyber Recovery & Ransomware-Resilient Backup Services

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/Business Continuity, Disaster Recovery & Backup Services

SECONDARYHDABAIAJ

Immutable Backup, Air-Gap & Ransomware Recovery

Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Disaster Recovery, Business Continuity & High Availability

Keywords

• Data protection software
• Backup and recovery
• Cyber resilience solutions
• Cloud data management
• Kubernetes data protection

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Veeam Universal License (VUL) Subscription: Portable subscription licensing model available with 1-year, 3-year, or 5-year terms; enables access to full Veeam Data Platform features via Veeam Software Appliance; replaces legacy socket-based perpetual licensing.
2. Permanual Socket-Based Licenses: Legacy perpetual licensing model with separate maintenance/support contracts (Production 24x7, Standard, Premier support tiers); grandfathered but transitioning to VUL.
3. Veeam Cyber Secure Premium Services: Recurring elite services package including dedicated program management, quarterly security assessments, Coveware retainer, and up to $5M Ransomware Expenses Warranty.
4. Coveware Cyber Extortion Response Retainer: Recurring retainer-based incident response service with 24/7 access, negotiation support, decryption assistance, and forensic triage.
5. Veeam Data Cloud (BaaS for Microsoft 365, Entra ID, Salesforce): Recurring SaaS cloud backup subscription with unlimited storage and all-in-one cloud service packaging.
6. Free / Community Edition: Free versions of Veeam Backup & Replication, Veeam ONE, Veeam Agents, Veeam Kasten Free, and Veeam Backup for Salesforce (with workload/user limits) that drive funnel into paid editions.

Pricing tiers

Go-to-market motion5 records

Distribution channels7 records

Marketing channels10 records

Core offering

Veeam sells enterprise data protection, backup, and recovery software platforms that secure cloud, virtual, physical, SaaS, and Kubernetes workloads against ransomware and data loss. Its product lineup centers on the Veeam Data Platform (self-managed), Veeam Data Cloud (SaaS backup), Veeam Kasten for Kubernetes, and the recently launched Veeam DataAI Command Platform, supplemented by cloud-native backup modules for AWS, Azure, and Google Cloud, plus elite cyber resilience services under Veeam Cyber Secure and Coveware by Veeam.

Differentiator

Problem solved

Functional benefit

Brands

• Veeam Data Platform: Self-managed platform for protecting virtual, physical, cloud, SaaS, and Kubernetes workloads (includes Veeam Backup & Replication, Veeam ONE, Veeam Recovery Orchestrator).
• Veeam Data Cloud
• Veeam Kasten
• Veeam DataAI Command Platform
• Coveware by Veeam
• Veeam Cyber Secure

Products and services

• Veeam Data Platform Self-managed enterprise platform for protecting cloud, virtual, physical, SaaS, and Kubernetes workloads across VMware, Hyper-V, Nutanix AHV, AWS, Azure, Google Cloud, Microsoft 365, and enterprise apps; current release is v13.1.
• Veeam Data Cloud

Quantifiable outcome

• 13.6% market share (#1 worldwide data protection software per IDC 2025H2); 11.5% sequential growth in 2H 2025 vs market average of 8.8%.
• +6 more outcomes

Named customers16 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration25 records

AI capability3 records

Feature11 records

Partnerships

22 partnerships are on record, tiered moderate, flagship, major and minor.

• Arms CybermoderateTechnology or Integration · 22 June 2026Expanded partnership releasing four new security capabilities to harden Veeam backup environments: Immutable Shield Protection, Honey Vault Decoy Backups, Stealth Protection with Restricted Process Access, and Parent/Child Process Validation. Builds on February 2026 integration with Veeam's Incident API.
• VirtuozzomoderateTechnology or Integration · 22 June 2026Virtuozzo Storage achieved Veeam Ready status, certifying it as a validated object storage backup repository target. Enables service providers to offer Veeam-based Backup-as-a-Service on Virtuozzo infrastructure.
• Hewlett Packard Enterprise (HPE)flagshipStrategic or Co-development Partner · 19 June 2026Expanded joint innovation at HPE Discover 2026 with new validated designs for HPE Private Cloud AI integrating Veeam Data Platform and Veeam Kasten. HPE Services to serve as pilot partner for Veeam's Data and AI Trust Maturity Model. Data Resilience by Design framework extended for AI trust.
• Everpure (Pure Storage)flagshipStrategic or Co-development Partner · 17 June 2026Major expansion of global strategic alliance at Pure//Accelerate 2026. Includes EDC Fleet Management Integration for Veeam Data Platform v13.1, Portworx-Kasten Kubernetes integration targeted for Q3 2026, and Cyber Resilience Delivered as-a-Service through MSPs and GSIs. Pure1 integration with Veeam Incident API now available.
• ManageEngine (Zoho)moderateTechnology or Integration · 3 June 2026ManageEngine Applications Manager launched unified monitoring capability for Veeam Backup Enterprise Manager, connecting via Veeam REST API to monitor backup jobs, execution durations, errors, workload distribution, retention, and compliance.
• Dell TechnologiesmajorTechnology or Integration · 3 June 2026Dell's PowerProtect Data Domain DD3410 backup appliance integrates with Veeam (alongside Commvault and NetBackup) for SMB/ROBO/edge environments with 2X faster backups and 50:1 deduplication.
• SevenCminorImplementation/ SI/ Consulting Partner · 2 June 2026South African managed IT services provider hosting webinar 'Resilient by Design: Protecting your people and data in the age of AI' in partnership with Veeam.
• Arrow ElectronicsmajorChannel Partner/ Reseller/ Distributor · 19 May 2026Expanded existing EMEA partnership to four key European markets: Poland, Italy, Netherlands, and Switzerland. Provides local integrators access to Veeam's data protection portfolio for hybrid cloud and virtualized environments.
• Object First (Fleet Manager)moderateOEM/ Whitelabel/ Licensing Partner · 8 May 2026Object First released Fleet Manager, a cloud-based service simplifying management of distributed Ootbi backup storage deployments for Veeam environments, built on Zero Trust principles aligned with CISA's Secure-by-Design guidelines.
• ScalitymoderateTechnology or Integration · 30 April 2026Launched ARTESCA+ Veeam HA, a unified backup appliance combining Veeam Data Platform with Scality ARTESCA object storage, aimed at mid-size organizations. First integrated software appliance using native high-availability features of Veeam Software Appliance, with $100,000 cyber guarantee.
• F5, Inc.moderateStrategic or Co-development Partner · 24 April 2026Veeam CEO Anand Eswaran appointed to F5's Board of Directors, serving on the Audit Committee and Talent and Compensation Committee. F5 deepened multicloud security partnership with Sectigo alongside this governance move.
• Women in CloudmoderateGTM or Marketing Partner · 25 February 2026Partnership for expansion of Cyber Resilience Centers of Excellence across North-East India under the Saksham Bharat Initiative, targeting one million certified professionals by 2030 and Centers of Excellence at Assam Science and Technology University, Assam Don Bosco University, and Assam University.
• Vault365minorChannel Partner/ Reseller/ Distributor · 22 January 2026Data protection services provider launched Vault365 LocalLock, an on-premise immutable backup appliance using Veeam technology, targeting Irish and UK organisations in regulated industries. €250,000 investment with €1 million revenue forecast.
• Object FirstflagshipOEM/ Whitelabel/ Licensing Partner · 14 January 2026Acquired Object First (January 14, 2026), a backup appliance vendor offering Ootbi (Out-of-the-Box Immutability) immutable S3-based storage purpose-built for Veeam environments. Co-founded by former Veeam executives Ratmir Timashev and Andrei Baronov. Object First reported 291% YoY bookings growth in Q3 2025. Financial terms undisclosed.
• SophosmajorTechnology or Integration · 1 January 2026Strategic technology alliance integrating Sophos cybersecurity with Veeam backup repository protection. Sophos Technology Group VP Marty Ward endorsed Veeam as 'the first data protection integrated solution we've adopted' to address blind spots in backup-targeting attacks.
• Red HatmoderateTechnology or Integration · 1 January 2026Veeam Kasten for Kubernetes features advanced security and virtualization integration with Red Hat OpenShift and SUSE Rancher Prime.
• AWSflagshipTechnology or Integration · 1 January 2026Strategic alliance partner. Veeam Backup for AWS available via AWS Marketplace; tight integration with AWS-native services for cloud backup, recovery, and DR.
• MicrosoftflagshipTechnology or Integration · 1 January 2026Strategic alliance partner. Microsoft 365 protection covers 25 million users across SharePoint, OneDrive, Teams, and Exchange. Veeam Data Cloud Vault built on Microsoft Azure; AI-enabled Assistant uses Azure OpenAI Service. Veeam Data Cloud Vault launched in June 2024 as a managed cloud storage service built on Microsoft Azure.
• NutanixmoderateTechnology or Integration · 1 January 2026Strategic alliance partner; Nutanix AHV supported as a hypervisor in Veeam Data Platform.
• Securiti AIflagshipStrategic or Co-development Partner · 1 December 2025Acquired Securiti AI for $1.725 billion (announced October 21, 2025; completed December 14, 2025). Securiti's Data Command Center technology forms the foundation of the Veeam DataAI Command Platform, integrating data security, privacy, governance, and AI trust capabilities. Approximately 600 employees added through the deal.
• AlcionmajorStrategic or Co-development Partner · 19 September 2024Acquired Alcion, an AI-based backup provider for Microsoft 365, to improve cyber resilience with AI-driven backup solutions.
• CovewareflagshipStrategic or Co-development Partner · 23 April 2024Acquired Coveware, a cyber-extortion incident response provider. Coveware operates as 'Coveware by Veeam' providing ransomware negotiation, forensic triage, and decryption tools. Now integrated into Veeam Cyber Secure Premium offering with 24/7 retainer support.

Scale indicators13 records

Recent moves8 records

Expansion highlights8 records

Emerging players

• Wiz: Cloud security and DSPM leader that competes with Veeam's Securiti-derived DataAI Command Platform in the data security posture and AI data governance category that Veeam entered via the Securiti AI acquisition.
• HYCU: Specialized SaaS backup vendor for hybrid cloud, Microsoft 365, Google Workspace, and SaaS workloads; overlaps with Veeam Data Cloud and Veeam Backup for Microsoft 365/Salesforce, particularly for mid-market and cloud-first buyers.
• Cyera: Fast-growing DSPM platform; competes directly with the Securiti AI technology now embedded in Veeam's DataAI Command Platform for data discovery, classification, and posture management use cases.

Direct peers

• Commvault Systems: Closest direct competitor in enterprise data protection and backup/recovery; overlapping product portfolio (Commvault Cloud, HyperScale X), similar enterprise go-to-market, and directly competes in the Gartner Magic Quadrant for Data Protection alongside Veeam.
• Rubrik: Public peer (NYSE: RBRK) in cloud-native data protection, backup, and ransomware recovery; competes head-to-head on subscription-based data security and recently expanded into DSPM/AI data posture, mirroring Veeam's strategic pivot.
• Cohesity: Direct competitor combining backup, file/object services, and now data security (post-Veritas data protection business combination); competes with Veeam Data Platform across hybrid and cloud-native workloads.
• Druva: Cloud-native SaaS data protection peer focused on AWS-delivered backup for endpoints, cloud workloads, and SaaS apps; competes most directly with Veeam Data Cloud and Veeam Data Cloud Vault.

Broad incumbents

• Veritas Technologies: Legacy enterprise data protection incumbent (NetBackup, Backup Exec) recently combined with Cohesity's data protection business; broad incumbent overlapping with Veeam Data Platform across large enterprise and mainframe environments.
• Dell Technologies (PowerProtect): Broader infrastructure incumbent whose PowerProtect Data Domain appliances integrate with Veeam (alongside Commvault and NetBackup); competes indirectly as a bundled hardware-plus-software data protection stack.

Others

• Object First (now Veeam subsidiary): Acquired by Veeam in January 2026; an immutable S3-based backup storage appliance vendor purpose-built for Veeam environments. Comparable as an adjacent storage-ecosystem participant (and was a peer prior to acquisition).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/veeam-software
• Xx.com/veeam
• Facebookfacebook.com/VeeamSoftware

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veeam Software