Veeam Software Group GmbH, the market share leader in data resilience, today announced a new $2 billion investment from several top investment firms. The Seattle-based company said its valuation now stands at $15 billion, which is about the same as the valuation of Commvault Systems Inc. and Rubrik Inc. combined. Investors in what the company calls an oversubscribed round are led by TPG, with participation from Temasek, Neuberger Berman Capital Solutions and others. Morgan Stanley managed the round.

Read More About
$2B secondary funding gives Veeam $15B valuation on path to IPO

This week Veeam is holding its annual user event, VeeamON, in Miami, FL. This is the 9th year that Veeam has held the event, and attendance has steadily grown as Veeam’s customer base has enlarged. Headcount this year topped 16,000 people, an impressive number for a company not even two decades old.

Read More About
VeeamON 2023: Five Key Takeways