Veeam
7,509 employees on LinkedIn Β· 7 known investors
Veeam provides data resilience software, including backup and recovery solutions for enterprise IT environments. This page is a brand resource center offering logos, color palettes, fonts, and other media assets.
Also known as Veeam Software Β· Veeam Software Group
Founders & leadership
Investors Β· 7
Funding
SEC filings, press & company announcements- Undisclosed amountsecondary fundingDec 2024Source β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Veeam Software Group is a privately held US information technology company that develops backup, disaster recovery and data protection software for virtual, cloud-native, SaaS, Kubernetes and physical workloads. Founded in 2006, the company began with tools for managing and monitoring VMware virtualization environments (Veeam Monitor, Veeam Reporter, and the free FastSCP utility) before releasing Veeam Backup & Replication in 2008, which became its flagship product. Its coverage has since expanded across AWS, Microsoft Azure, Google Cloud, Microsoft 365, Nutanix AHV, Hyper-V and Kubernetes.
The current portfolio centers on the Veeam Data Platform, a self-managed platform combining Veeam Backup & Replication, Veeam ONE and Veeam Recovery Orchestrator and sold in Foundation, Advanced and Premium editions. Adjacent offerings include Veeam Data Cloud (hosted backup for Microsoft 365, Microsoft Entra ID and Salesforce), Veeam Data Cloud Vault immutable cloud storage, Veeam Kasten for Kubernetes, workload-specific backup products for AWS, Azure and Google Cloud, the Veeam Service Provider Console and Veeam Cloud Connect for service providers, and the Veeam Software Appliance. Following the acquisitions of Coveware and Securiti AI, Veeam also markets cyber extortion response services and the Veeam DataAI Command Platform, which covers data security posture management, mapping of AI access to data, and consent/privacy compliance tooling such as the Veeam Consent Agent.
The company is owned by Insight Partners, which agreed in January 2020 to purchase Veeam in a $5 billion deal and move its headquarters to the United States. Wikipedia lists corporate headquarters in Columbus, Ohio and also states the company headquarters is in Kirkland, Washington.
Founding story
Co-founders Ratmir Timashev and Andrei Baronov met in the United States while attending Ohio State University and previously built Aelita Software, a Windows systems management vendor sold to Quest Software in 2004 for about $115 million. In late 2005 Timashev identified the potential of virtualization technologies and in 2006 the pair founded Veeam, opening its first office in Saint Petersburg, Russia, to build management tools for VMware ESX environments.
Business model
Veeam licenses enterprise data protection software, offered as self-managed products with per-workload universal licensing, subscription cloud services (Veeam Data Cloud, Veeam Data Cloud Vault), a pre-built software appliance, and premium services such as the Veeam Cyber Secure program and Coveware by Veeam cyber extortion response. Free and community editions and 30-day trials are used to seed adoption, and service providers deliver Veeam-powered BaaS and DRaaS offerings.
Revenue comes from software licenses and subscriptions across platform editions (Foundation, Advanced, Premium), add-on cloud storage and security services, online purchase options for small business packages, and provider-delivered backup- and disaster-recovery-as-a-service.
Traction
Reported revenue of $1 billion in 2019 and 6,100 employees in 2025; earlier reporting cited more than 1,950 employees and $474 million in revenue at the end of 2015. The company reports more than 550,000 customer organizations and adoption by 82% of the Fortune 500.
Latest developments
Veeam Data Platform v13.1 became available with AI-backed threat detection, expanded workload support for Red Hat OpenShift, Sangfor and XCP-ng, and guided Active Directory forest recovery. The company introduced the Veeam DataAI Command Platform, the Veeam Consent Agent for GDPR/CCPA consent compliance, Veeam Intelligent ResOps for Microsoft 365, a Data & AI Trust Maturity Model and a Data & AI Trust Gap report. It completed its acquisition of Securiti AI and continues its VeeamON conference and tour program into 2026.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Veeam states it holds the #1 position in global market share for data protection (2H2025) and data privacy compliance, has been named a Leader in the Gartner Magic Quadrant for Backup and Data Protection Platforms ten times and highest in ability to execute seven consecutive times, and was named a Leader in The Forrester Wave: Data Resilience Solutions, Q4 2024.
Veeam emphasizes hardware- and platform-agnostic protection with portable, self-describing backups and no vendor lock-in, a single universal license covering cloud, virtual, physical, SaaS, Kubernetes and identity workloads, immutable-by-design storage with automated malware scanning, and the combination of data resilience with data security posture management and AI governance in one platform.
Technology
Image-based backup and replication with incremental backups, data deduplication and compression; immutable-by-design storage, automated malware and threat scanning at backup and restore, instant recovery, recovery orchestration and DR testing, workload portability across hypervisors and clouds using a self-describing portable backup format, Kubernetes-native protection via Kasten, and data security posture management that discovers and classifies sensitive data and graphs relationships among data, access, policy and AI usage.
Go-to-market
Veeam sells direct to enterprises and through partners, including Veeam-powered BaaS and DRaaS service providers and global premier partners, supported by free trials, interactive product demos, community editions, certification and training programs, and its VeeamON conference series, which began in 2014 in Las Vegas and now runs flagship events in New York, London and Sydney plus regional VeeamON Tour stops worldwide.
Enterprises and small businesses across industries, plus managed service and cloud service providers; Veeam states that 82% of the Fortune 500 run its portfolio and that over 550,000 organizations use its products.
Geography
Global operations with corporate headquarters listed in Columbus, Ohio and Kirkland, Washington, regional headquarters for EMEA in Paris, the Americas in Columbus, the Middle East in Dubai and Asia-Pacific in Sydney, and its largest R&D center in Prague, Czechia. The first office was opened in Saint Petersburg, Russia. Customer events span the Americas, EMEA and Asia-Pacific.
History
Veeam launched monitoring and reporting products in 2006-2007, added the free FastSCP backup copy tool in 2007, and released Veeam Backup & Replication in 2008 with roughly 10 employees. It acquired nworks in 2008, added Hyper-V support in 2012, introduced endpoint and Azure tools in 2015, and launched Office 365 backup and Availability Orchestrator in 2016 along with agents and a console in 2017. Peter McKay joined as President and COO in 2016, became co-CEO and departed in late 2018, leaving Baronov as sole CEO. Insight Partners announced a $5 billion acquisition in January 2020, after which Bill Largent became CEO and chairman; Anand Eswaran succeeded him the following year. Veeam acquired N2WS in 2017 and divested it in 2019, acquired Kubernetes backup vendor Kasten in 2020, ransomware incident response firm Coveware in April 2024, and DSPM vendor Securiti AI in a transaction announced in October 2025.
Risks & controversies
Veeam sold N2WS back to its original founders in 2019 following discussions with the US Government. Its Wikipedia entry carries a maintenance notice flagging promotional content. The company's founders are Russian-born entrepreneurs and its first office was in Saint Petersburg; ownership passed to Insight Partners in 2020 with the headquarters moved to the United States.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 22
launches, deals, and filingsRecognized as a Leader for the 10th time in a row and highest in ability to execute for the 7th consecutive time.
A component of the Veeam DataAI Command Platform that detects, validates and remediates consent compliance issues across websites and regions for GDPR, CCPA and other privacy laws.
Version 13.1 added AI-backed threat detection, expanded workload protection for Red Hat OpenShift, Sangfor and XCP-ng, and guided Active Directory forest recovery.
Announced a platform connecting data, access, identities and AI in a single trust layer, including data security posture management and remediation of AI-related data exposure.
Offering providing intelligence across Microsoft 365 data and AI, identifying sensitive and redundant/obsolete/trivial data and how AI agents interact with it.
Veeam disclosed plans to acquire data security posture management company Securiti AI for $1.725 billion in cash and stock, expected to close in Q4 2025.
$1.7B source β
Veeam announced completion of the Securiti AI acquisition to create a trusted data platform for accelerating safe AI at scale.
Veeam announced the acquisition of ransomware incident response and recovery company Coveware; terms were not disclosed and Coveware was to remain operationally independent.
Insight Partners announced it would purchase Veeam in a $5 billion deal and move the company headquarters to the United States.
$5B source β
Acquired Kasten, a provider of backup and disaster recovery for Kubernetes.
Veeam appointed former chairman of the board Bill Largent as CEO and chairman; Anand Eswaran replaced him as CEO the following year.
Veeam sold N2WS back to its original founders after discussions with the US Government.
Acquired N2WS, a provider of cloud-native backup and disaster recovery for Amazon Web Services.
Veeam appointed Peter C. McKay, formerly SVP & GM of Americas at VMware, as President and COO; he was later promoted to co-CEO and left in late 2018.
Veeam held its first data protection and availability conference, VeeamON, in Las Vegas, Nevada.
Acquired nworks to integrate VMware management with Microsoft and Hewlett-Packard enterprise system management platforms, resulting in the nworks Management Pack and Smart Plug-In products.
Released a tool providing VMware vSphere VMs with incremental backups and image-based replication, with built-in deduplication and compression.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- Veeamveeam.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Veeam do?
- Veeam develops backup, recovery, data resilience and data security software for cloud, virtual, physical, SaaS and Kubernetes workloads.
- Who are Veeam's investors?
- Veeam's investors include Alkeon Innovation, Converge, Mayfield Fund, Runa Capital, Insight Partners, Temasek, TPG.