Diligence memo · auto-generated · as of July 2, 2026

Veeam Software Holding Inc.

Veeam Software Holding Inc. looks under-valued against its niche peers and is quiet on financing cadence.

SourceModeled below same-niche peers while still financing on rhythm — a potential mispricing worth a closer look.

Businessfiled

Veeam Software Holding Inc. operates in Media & Content, based in KIRKLAND. Discover cyber resilient solutions for AI and data. See risk everywhere, move data securely, stay compliant, and accelerate safe AI all with Veeam.

Sub-sector tags: ai/ml, media/content, saas.

Capital & rounds (filed)filed

Veeam Software Holding Inc. has raised $407M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).

Largest single filing: $397M on 2020-09-25.

Most recent recorded round closed around 2025-01-14.

Valuation (modeled)modeled

Provath models Veeam Software Holding Inc. at approximately $79M (range $51M–$103M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.09× the median modeled value of Series D+ Media & Content companies in 2025–2027 (5 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Historic cadence: a new round about every 10 months.

Last raise 18 mo ago; this sector typically re-raises about every 12 months.

Slightly overdue versus sector cadence.

The last round was 13.5× smaller than the prior — a bridge or down round.

Comparablesmixed

Capital scale ranks ahead of 99% of Media & Content peers (1052 compared).

Modeled value ranks above 88% of those peers.

Closest niche peers: Lawyers Entertainment Consortium, LP, Deepgram, Inc., Techtonic Media Entertainment Group Inc, Base Boy Entertainment Network Inc.

Peoplefiled

16 named people on file across officers, directors and signatories.

Risks & flagsmixed

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.