Alcion
Veeam is the global leader in data resilience, providing comprehensive solutions for data backup, recovery, portability, security, and intelligence. Their mission is to help companies achieve radical resilience, enabling them to bounce forward from data disruptions rather than just bounce back. Veeam protects data across hybrid, multi-cloud, and SaaS environments, covering cloud, virtual, physical, and containerized workloads. The company emphasizes Zero Trust principles in its data protection. Veeam serves over 550,000 customers, including 68% of the Global 2000, and is recognized as the #1 provider in enterprise backup and recovery software by Gartner. Their business model is primarily SaaS and subscription-based, offering flexible licensing and consumption-based programs for service providers.
Alcion
Veeam is the global leader in data resilience, providing comprehensive solutions for data backup, recovery, portability, security, and intelligence. Their mission is to help companies achieve radical resilience, enabling them to bounce forward from data disruptions rather than just bounce back. Veeam protects data across hybrid, multi-cloud, and SaaS environments, covering cloud, virtual, physical, and containerized workloads. The company emphasizes Zero Trust principles in its data protection. Veeam serves over 550,000 customers, including 68% of the Global 2000, and is recognized as the #1 provider in enterprise backup and recovery software by Gartner. Their business model is primarily SaaS and subscription-based, offering flexible licensing and consumption-based programs for service providers.
TL;DR
What they do: AI-driven backup-as-a-service focused on protecting Microsoft 365 data from ransomware, malware, accidents, and outages
Founded: March 2022
Founders: Niraj Tolia (CEO) and Vaibhav Kamra (CTO)
Funding: Raised $29M total; $21M Series A led by Veeam (Sep 19, 2023)
Exit: Acquired by Veeam (announced Sep 18, 2024)
Company Overview
Problem Domain
Data protection and recovery for cloud/SaaS workloads, specifically Microsoft 365.
Founded
2022
Industry
Data protection / Backup-as-a-Service
Funding Track Record
8000000.00
Seed round investors named include Lip-Bu Tan, Debanjan Saha, Amarjit Gill, and Abhinav Asthana.
21000000.00
Series A reported as $21M and reported to bring total raised to $29M.
Investor Signal
“Strategic lead investor and eventual acquirer: Veeam”