Pakistani Entrepreneur Rehan Jalil Sells AI Security Company for $1.7 Billion$

 Pakistani Entrepreneur Rehan Jalil Sells AI Security Company for $1.7 Billion$.

A Pakistani entrepreneur, Rehan Jalil, has made headlines by selling his AI security company, Securiti.AI, to the American software group Veeam for a staggering $1.7 billion (approximately 477 billion Pakistani Rupees).

 

 This landmark deal is a testament to the global impact of Pakistani talent in the technology sector.Who is Rehan Jalil?Rehan Jalil is a seasoned technology executive and a serial entrepreneur with a proven track record of building and successfully exiting high-value tech companies in Silicon Valley.Educational Background:

Mr. Jalil's foundational education began in Pakistan, where he earned his Bachelor of Science (BS) degree in Engineering from NED Engineering University, Karachi. He furthered his studies in the United States, obtaining a Master of Science in Electrical Engineering (MSEE) from Purdue University. He is also an alumnus of the Advanced Management Program at Harvard Business School.A Serial Entrepreneur's Journey:

The sale of Securiti.AI is not Rehan Jalil's first major success. His entrepreneurial journey includes:

1.WiChorus: He was the founder and CEO of this mobile packet core technology startup, which was acquired by Tellabs in 2009 for $180 million.

2.Elastica: He founded Elastica, a leader in the Cloud Access Security Broker (CASB) space. Elastica was later merged with Blue Coat in a deal valued at $280 million. The combined entity was subsequently acquired by Symantec for $4.7 billion.Following the merger, Rehan Jalil led the Cloud Security Business at Symantec, where his products consistently achieved the fastest growth rates for eight consecutive quarters.

The Landmark Deal: Securiti.AI and VeeamSecuriti.AI is a prominent data security and AI governance company founded by Rehan Jalil, who served as its CEO. The company’s core offering is a Data Command Center that ensures the secure use of data and generative AI in hybrid multi-cloud environments. It provides unified intelligence and controls for data security, privacy, governance, and compliance.The acquisition by Veeam, a major data resilience firm, is valued at approximately $1.7 billion. The deal is strategic, aiming to integrate Securiti.AI’s AI governance tools into Veeam’s product line, enhancing their security and compliance offerings.

Future Role at Veeam:

Upon the completion of the deal, Rehan Jalil will assume a senior executive role as the President of Security and AI within the American software group, Veeam.Beyond Entrepreneurship:

In addition to his executive roles, Rehan Jalil is actively involved in the Silicon Valley ecosystem. He serves as a Venture Advisor at Mayfield Fund and is an investor and mentor to several startups.Rehan Jalil's career is an inspiring example of how Pakistani talent can achieve monumental success on the global stage, driving innovation in the critical fields of AI and cyber security.