Pakistani Tech Founder Sells AI Firm for $ 1.7 Billion

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The information shared in this post is for informational purposes only. BestPakMag is not affiliated with the organization/institution offering the opportunity and we do not guarantee the authenticity, availability, or outcome of any scholarship, program, or offer. Please verify details from the official source before taking any action. We are not responsible for any loss, misunderstanding, or dispute arising from this information.

Pakistani Tech Founder Sells AI Firm for $ 1.7 Billion

Pakistani Tech Founder Sells AI Firm for 1.7 Billion

A proud moment for Pakistan’s technology industry — Securiti AI, founded by Pakistani entrepreneur Rehan Jalil, has been acquired by global data-resilience firm Veeam in a deal worth $1.7 billion. This major acquisition highlights Pakistan’s growing influence in the international tech ecosystem, especially in the field of artificial intelligence and data security.

About Securiti AI

Securiti AI is a Silicon Valley-based company specializing in data security, privacy, and AI governance. Its flagship product, the Data Command Center, enables companies to discover, protect, and manage sensitive data across multiple cloud and SaaS platforms. These tools help organizations ensure that AI systems use data responsibly, protect user privacy, and comply with global data regulations.

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The Acquisition by Veeam

Veeam, a leading data backup and recovery firm, acquired Securiti AI to strengthen its product line with advanced AI security and governance capabilities. The deal, valued at approximately $1.7 billion, will integrate Securiti’s innovative solutions into Veeam’s global offerings.

Under the agreement, Rehan Jalil will join Veeam as President of Security and AI, overseeing the development of next-generation AI trust and compliance tools. The transaction, a combination of cash and stock, is expected to close later this year following regulatory approvals.

Impact on Pakistan’s Tech Industry

The sale of Securiti AI is being celebrated across Pakistan’s tech and startup community as a milestone achievement. It demonstrates the potential of Pakistani innovators on the world stage and inspires a new generation of entrepreneurs to pursue advanced technology ventures.

Rehan Jalil, known for his previous leadership roles in cloud security, founded Securiti with the vision of ensuring safe and ethical data use in the AI era. His success story highlights Pakistan’s emerging role in global technology innovation.

Future Outlook

Veeam plans to continue selling Securiti’s data protection and AI governance products while integrating them into its own platform. The merger aims to help global businesses accelerate AI adoption without compromising data security, privacy, or compliance.

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Disclaimer:

The information shared in this post is for informational purposes only. BestPakMag is not affiliated with the organization/institution offering the opportunity and we do not guarantee the authenticity, availability, or outcome of any scholarship, program, or offer. Please verify details from the official source before taking any action. We are not responsible for any loss, misunderstanding, or dispute arising from this information.

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