Microsoft Invests in Cloud Data Firm Veeam Software to Build AI Products
Microsoft has made an undisclosed equity investment in Veeam Software as part of an expanded partnership to build artificial intelligence products, the cloud data company said on Tuesday. Veeam's software is designed to help customers quickly recover their data after cybersecurity incidents, ransomware attacks or accidental data loss. The deal aims to integrate Microsoft's AI services into Veeam's products and accelerate research and development investments.
- This partnership highlights the growing trend of companies in the cloud and data storage space partnering with tech giants like Microsoft to develop innovative AI-powered solutions that can enhance their offerings.
- How will the integration of Microsoft's AI services into Veeam's products impact the company's ability to compete with other cloud-based data recovery firms, such as Veritas Technologies?