HomefundingActifio Closes $16M in Second Round of Venture Financing

Actifio Closes $16M in Second Round of Venture Financing


Actifio, a Waltham, MA-based provider of Data Management Virtualization (DMV) solutions, has closed $16m in its second round of venture financing,

The round was led by Advanced Technology Ventures (ATV), with participation from existing investors North Bridge Venture Partners and Greylock Partners.

This brings the total amount raised by the company to date to $24m. Last July, Actifio closed an $8m series A funding round.

The company will use the new capital to expand sales and marketing in order to grow market share of its software suite comprised of Actifio™ DP, for data protection, Actifio™ DR, for disaster recovery and Actifio™ BC, for business continuity.