Overview - Veeam Cloud Connect Guide
https://helpcenter.veeam.com/docs/backup/cloud02.02.2021 · Veeam Backup & Replication does not offer its own cloud for storing tenant data. Instead, it uses SP computing, storage and network resources to configure Veeam Cloud Connect Backup and Veeam Cloud Connect Replication infrastructure components: Cloud repositories — storage locations in the cloud that store backups of tenant machines.