From CRN, by Joseph Kovar
Actifio, a developer of Data-as-a-Service technologies, Tuesday said it has closed a huge new round of funding worth $106 million.
That funding, along with previous funding, brings total investment in the company to $341 million and gives the Waltham, Mass.-based company a total valuation of over $1.3 billion.
This new funding round will likely be the last private equity raised by Actifio, said Ed Durkin, the company’s CFO.
“We don’t expect any more private capital raises,” Durkin told CRN. “This gets us to cash-flow-positive with plenty of cushion.”
It also makes Actifio an IPO candidate, Durkin said.