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.
The company intends to use the funds to expand operations globally.
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.
FinSMEs
05/12/2011
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