Actifio Closes $50M Funding

Actifio, a Waltham, Mass.-based copy data storage company, closed a $50m funding.

The round was led by Technology Crossover Ventures (TCV), with participation from existing investors Andreessen Horowitz, ATV, Greylock Israel, and North Bridge Venture Partners.
In conjunction with the funding, Rick Kimball, founding general partner at TCV, joined Actifio’s board.

The company intends to use the new capital to accelerate expand globally.

Led by Ash Ashutosh, CEO, Actifio provides a solution that creates a single copy of production data and maintains changes to that master copy in a way that gives users a simple application running in a single window to recover anything, from any time, instantly. By virtualizing the storage and management of data, the company’s platform can replace any or all of the siloed data protection and availability storage applications a company might be using.



Related News:
21/07/2010: Actifio Raises $8m in Series A Financing
22/09/2010: Actifio Closes $16M in Second Round of Venture Financing
05/12/2011: Actifio Raises $33.5M in Series C Funding

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