Cybersecurity: Takeaways from VeeamON Analyst Session

研报英文原文证据摘录

Cybersecurity: Takeaways from VeeamON Analyst Session

Deutsche Bank

Research

North America Industry Date

Software Cybersecurity 13 May 2026

Takeaways from VeeamON Analyst Session

Brad Zelnick

Privately held Veeam Software hosted a user conference in New York this week Research Analyst

which included an analyst briefing that we attended. We come away from the +1-212-250-8563

event better appreciating the growing strategic importance of data resilience

platforms for enabling the safe adoption of GenAI. Following the acquisition of Nasr Islam

Research Associate Securiti AI, Veeam has transformed itself into a Data and AI trust company which +1-212-250-6174

uses granular data- and identity-informed context to guardrail sensitive data from

errant AI use without compromising performance. Data itself has become a tier-

one asset and according to the company should be a key control point for AI. With

Veeam's leadership in data protection (~14% market share per IDC), this

represents a natural next act as the company goes to market with a novel platform

built on a unified, multi-modal data fabric. The end-to-end AI trust platform is

compelling as it enables customers to detect, protect, and undo AI, though the

competitive landscape has never been noisier as traditional security vendors (i.e.,

ZS), broader software vendors (i.e., NOW), and disruptive upstarts (i.e., Cyera)

stake overlapping (albeit, not fully duplicative) claims to this burgeoning

opportunity. Nonetheless, the data resilience platforms have a coherent "right to

win" in this market, and while we appreciate the differences between the

respective visions laid out by Veeam, RBRK, and others, our time at today's

session reinforces our view that Rubrik's acquisitions of Predibase and Laminar

were prescient.