Insight Venture Partners Invests $500 Million In Veeam

Funding Rounds

▤ Summary

BAAR, Switzerland--( BUSINESS WIRE )-- Veeam® Software , the leader in Backup solutions that enable Intelligent Data Management™, today announced that Insight Venture Partners has invested $500 million with strong participation from strategic investor Canada Pension Plan Investment Board (CPPIB) to accelerate the next phase of Veeam’s growth as the No.1 provider of Data Management solutions for the public and private cloud. Veeam has been growing organically over the last 12 years in a rapidly expanding cloud data management market that enterprises annually spend an estimated $30 billion 1 to address. Today, Veeam is leading the data management space, with more than 325,000 customers, 60,000 partners, 82 percent of the Fortune 500 relying on our solutions, and with industry analysts heralding us as Leaders across all sectors; with Insight and CPPIB’s, investment I know we will take this to the next level.” “Over the past decade, Veeam has established itself as the premier vendor for on-premises backup and recovery software, and is now No.1 in the market for providing data management for public and private cloud environments. Gartner Forecast: Enterprise Software Markets, Worldwide, 2014-2021, 2Q17 Update, Hai Swinehart, Chad Eschinger, Robert Anderson, Bianca Granetto, April Adams, Laurie Wurster, Federico de Silva, Colleen Graham, Fabrizio Biscotti, Chris Pang, Matthew Cheung, Nigel Montgomery, Craig Roth, Sid Deshpande, Michael Warrilow, Terilyn Palanca, Jim Hare, Alys Woodward, Julian Poulter, JP Corriveau, Yanna Dharmasthira, Alan Dayley, 27 June 2017 IDC Worldwide eDiscovery Software Forecast, 2017–2021, June 2017 IDC Worldwide Governance, Risk, and Compliance Integrated Suites Market Shares, 2016: Expanding Threat Landscape Drives Adoption, July 2017 Gartner Forecast Analysis: Public Cloud Services, Worldwide 2Q17 Update, Sid Nag, Fred Ng, Hai Swinehart, Fabrizio Biscotti 28 September 2017 SaaS Backup is calculated based on Veeam internal estimates.

$ Funding

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Amount $500.0M Total raised
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Date January 16, 2019 Announcement date
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Investors Insight Partners, Canada Pension Plan Investment Board, Veeam Software Lead investors
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Company http://www.veeam.com Funded company

▥ Classifications

industries
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applications
Data Management

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Labels
Backup Software Data Protection Cybersecurity Software

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