Veeam Adopts Copilot As It Secures Microsoft Investment
Blocks&Files, Monday, February 24th, 2025
Veeam is adding Copilot to three of its Microsoft services to provide faster threat detection and accelerated backup restoration. Meanwhile, Microsoft is making an equity investment in Veeam.
Private equity business Insight Partners has owned Veeam since 2020. In the five years since, Veeam has gained the largest revenue share of the data protection market, according to IDC. The company made a $2 billion secondary share offering in December last year, valuing Veeam at $15 billion. Now Microsoft has bought itself an equity position in Veeam, bringing Microsoft AI services to three offerings: Veeam Data Cloud for Microsoft 365, Veeam Data Cloud Vault, and new Entra ID identity security and resilience services.