COMPANY INFO
Veeam Software, founded in 2006 by Ratmir Timashev and Andrei Baronov, is a private company headquartered in Seattle, Washington. With around 6,000 employees, Veeam operates in the software industry, specializing in backup, disaster recovery, and data management solutions. The company provides innovative data protection platforms that help businesses achieve data resilience and recover quickly from disruptions. Their website is www.veeam.com.
Veeam Software Group, founded in 2006 by Ratmir Timashev and Andrei Baronov, is a global leader in the software industry, specializing in backup, disaster recovery, and data management solutions. Headquartered in Seattle, Washington, the company is known for its innovative platforms that empower organizations to achieve data resilience and rapid recovery from disruptions. With a workforce of over 4,300 employees (as of 2020), Veeam focuses on developing reliable, secure, and scalable data protection solutions for businesses of all sizes.
Veeam Software Group funding history reflects a strategic approach to fueling innovation and expanding its leadership in the data protection market. The company has raised approximately $645 million across five funding rounds, drawing the interest of major investors and venture capital firms. Notable milestones include significant Series C rounds dedicated to expanding product development, accelerating go-to-market strategies, and entering new markets. Key investors such as Insight Partners, Microsoft, and Canada Pension Plan Investment Board (CPPIB) have played pivotal roles in supporting Veeam’s continued expansion and fostering research in cutting-edge AI-powered solutions for data protection.
This round featured a strategic investment by Microsoft, aiming to build AI-powered solutions and enhance Veeam Software Group’s data protection capabilities.
The $10 million funding round was targeted at supporting growth and spurring innovation in the rapidly evolving data resilience market.
A substantial late-stage round, this $135 million investment supported Veeam Software Group’s continued expansion, driven by ongoing product development and scaling global operations.
A major Series C round amounting to $500 million—co-led by Insight Partners and Canada Pension Plan Investment Board (CPPIB)—focused on expanding market leadership in data management solutions for the public and private cloud and fuelling both organic growth and M&A activities.
Veeam Software Group’s early-stage Series A was led by Insight Partners and provided the necessary capital to accelerate initial growth and advance its core product suite.
Microsoft participated in a strategic funding round to promote the development of AI-powered data protection solutions, underscoring Veeam Software Group investment priorities around innovation and digital transformation.
TPG is a leading global alternative asset management firm and has invested in Veeam Software Group, supporting its long-term business scalability and market expansion.
Insight Partners has been involved since Veeam Software Group’s early stages, leading initial funding rounds and playing a significant role in fueling the company’s sustained growth and expansion into new markets.
Temasek, a global investment company based in Singapore, is one of Veeam Software Group’s key investors, lending strategic financial backing to foster international growth.
Neuberger Berman Capital Solutions, a major institutional investor, has contributed to the Veeam Software Group funding pool to enable future-oriented technology development and organizational growth.
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