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

The hype around artificial intelligence is at an all-time high. Sometimes, in tech, the reality never matches the hype. With AI, though, I do believe it’s warranted. I view the adoption of AI as similar to the adoption of internet technologies. We talked about the internet, hyped it, created economic reports, and then we stopped talking about it because it became embedded into everything we do.

Read More About
New research report shows rapid, wide adoption of generative AI

One of the highlights at Palo Alto Networks Inc.’s the most recent version of its Ignite on Tour event series, this one at its Santa Clara headquarters, was founder and Chief Technology Officer Nir Zuk’s presentation of the cybersecurity company’s 2025 predictions for the security industry.

Read More About
Palo Alto Networks’ Nir Zuk on what’s coming in cybersecurity in 2025

As the world of high-performance computing is getting together this week in Atlanta for SC24, Nvidia Corp. held a “special address” to showcase the company’s vision for computing and artificial intelligence, with founder and Chief Executive Jensen Huang leading the charge.

Read More About
Nvidia’s SC24 special address hints at a new era in computing and AI

Communications provider Mitel Networks Corp. today is rolling out a new artificial intelligence-powered customer experience platform to help businesses optimize customer interactions by integrating with existing communication tools.

Read More About
Mitel brings AI to its multicloud contact experience offering