Data resilience firm Veeam scores $15B valuation in $2B secondary sale | TechCrunch

Image for article Data resilience firm Veeam scores $15B valuation in $2B secondary sale | TechCrunch
News Source : TechCrunch

News Summary

  • Veeam held a $2 billion secondary share sale that valued it at $15 billion
  • The sale triples Veeam’s price tag since it was acquired by Insight Partners for $5 billion in January 2020
  • The company recorded annual recurring revenue of $1
  • 7 billion, according to financial results
Veeam, which helps its users secure and recover their data, has seen its valuation spike in a recent secondary sale that was aimed at bolstering the companys cap table before an eventual IPO.The I [+3021 chars]

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