Microsoft (MSFT, Financials) made an equity investment in Veeam Software to support the development of artificial intelligence-powered data resilience tools, the companies announced Tuesday.
With an eye toward improving cybersecurity measures and simplifying data recovery for companies, the alliance will include Microsoft's AI technologies into Veeam's data protection offerings. Providing data backup and recovery solutions, Veeam claimed the cooperation would let clients see risks, streamline compliance, and hasten restoration projects.
Seventy-three percent of Fortune 500 corporations and sixty-seven percent of Global 2000 enterprises utilize Veeam's data protection system. According to the firm, including Microsoft AI into its system would increase backup security, enhance detection of suspicious activities, and speed up data recovery.
Microsoft's machine learning tools will also be included into Veeam's cloud-based products, Veeam Data Cloud for Microsoft 365 and Veeam Data Cloud Vault, which provide backup and disaster recovery alternatives via Microsoft Azure.
Corporate vice president for independent software suppliers and digital natives Jason Graefe of Microsoft said combining Microsoft AI with Veeam's offerings would let companies protect data and get operational insights simultaneously.
Based in Seattle, Veeam offers businesses all across cloud, virtual, physical, and Kubernetes environments backup and security services. Financial details for the transaction were not disclosed.
