Actifio Raises $33.5M in Series C Funding

Funding Rounds

▤ Summary

Actifio, a Waltham, Mass.-based provider of a Protection and Availability Storage (PAS) platform, has raised $33.5m in Series C financing.The round was led by Andreessen Horowitz, with participation from existing investors North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures.Led by founder and CEO Ash Ashutosh, Actifio has developed and provides managed service providers (MSPs), cloud service providers and those organizations grappling with the management challenges associated with Big Data with a storage system optimized for managing copies of production data, eliminating redundant silos of IT infrastructure and data management applications.The company is also expanding the to address test and development, analytics, compliance, e-discovery and other business-critical requirements.In conjunction with the funding, Peter Levine, general partner at Andreessen Horowitz, has joined Actifio’s board.

$ Funding

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Amount $33.5M Total raised
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Date December 5, 2011 Announcement date
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Investors 83North, Advanced Technology Ventures, Greylock, Andreessen Horowitz, North Bridge Venture Partners Lead investors
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Company http://www.actifio.com Funded company

▥ Classifications

industries
No industries detected
applications
ERP & Process Management

◇ AskAI Classifications

Labels
Backup and Disaster Recovery Software SaaS Cloud Software

▦ Linked Companies

Actifio Inc.
$50M to $100M