Actifio provides multi-cloud data management software powered by its patented Virtual Data Pipeline™ technology. The company's platform delivers Data-as-a-Service to manage databases and to support security, DevOps, analytics, compliance and governance. Actifio serves more than 3,000 enterprises worldwide. Led by founder and CEO Ash Ashutosh and based in Waltham, Mass., the company raised $100M in financing in a round that values it at over $1.3 billion. The round was led by Crestline Investors with participation from North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz and other existing investors. Actifio intends to use the funds to continue to grow globally. Actifio builds a data storage platform using copy-data virtualization that lets businesses create a single master copy of production data and make changes to that copy. The company says its technology can cut storage costs by as much as 90% and reduce recovery times. Actifio reported 182% year-over-year bookings growth in 2013, serves over 300 enterprise users, and has customers in 31 countries with 44% of bookings from outside the U.S. It manages over 1 exabyte of data, including 14 petabytes of active app data and 55 petabytes of physical storage capacity. Actifio said it will use new funding to expand globally, develop new product features, extend into the mid-market, and enable cloud service provider partners to build businesses on its platform. The company has been discussing an IPO and said a public offering is likely in the following year. Actifio offers a copy data storage platform that virtualizes storage and manages a single "perfect copy" of production data, enabling application-centric, SLA-driven recovery from any point in time. The platform delivers recovery times in minutes and claims up to 90% lower total cost of ownership versus traditional models. The company closed a $50 million investment round to accelerate bookings growth and to invest in its global go-to-market model to target the estimated $44 billion copy data storage market. Actifio reported 700% year-over-year growth in FY2012, achieved ten consecutive quarters of double-digit sequential growth, and has over 100 referenceable users across 16 countries. Leadership tied to the financing includes Rick Kimball of TCV joining the board. The company is headquartered in Waltham, Mass., and is led by CEO Ash Ashutosh. Actifio builds a PAS platform that virtualizes management of data and manages copies of production data to address backup, disaster recovery and business continuity. The platform is expanding to support test and development, analytics, compliance, e-discovery and other business-critical uses. Customers include small and medium-sized businesses, large enterprises, and managed service and cloud service providers. The company was founded in 2010 and is led by CEO Ash Ashutosh, president Jim Sullivan and David Chang. Actifio has positioned its product as creating a new category of storage that consumerizes operations and enables SLA-driven services in the data center. Financially, the company has raised venture capital to support growth, including the most recent financing noted below. Actifio is a Waltham, MA-based provider of Data Management Virtualization (DMV) solutions. Its software suite comprises Actifio DP for data protection, Actifio DR for disaster recovery and Actifio BC for business continuity. The company closed a second round of venture financing to support growth. It will use the new capital to expand sales and marketing to grow its market share. The financing activity has brought the companys total capital raised to date to $24M.

Total raised

$308M

Funding rounds

6

Latest round

Equity

Latest activity

Aug 2018