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Data resilience firm Veeam scores $15B valuation in $2B secondary sale
Veeam brought on strategic investors including TPG and Temasek to bolster its cap table with sites set on an eventual IPO.
Veeam, which helps its users secure and recover their data, has seen its valuation spike in a recent secondary sale that was aimed at bolstering the company’s cap table before an eventual IPO. Veeam’s CEO, Anand Eswaran (pictured above), told TechCrunch that while the company didn’t need to raise capital, the timing was right to give their early investors and employees some liquidity. Its tech covers 150 different workloads, spanning SaaS to AI, and its customers include large corporations like Shell and Deloitte as well as federal and local governments like the City of New Orleans.
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