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.

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

It continues to be a busy year for Commvault Systems Inc., a provider of cloud data protection. The New Jersey-based […]

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How Commvault is transforming cloud-first cyber resilience