Another $100M Boosts Valuation of Boston’s Actifio Above $1 Billion
Actifio, a Waltham, MA-based data management startup that for years downplayed its development despite being worth hundreds of millions of dollars, has added another $100 million round of funding that brings its valuation to more than $1.3 billion, the company announced today.
The business is among a growing list of Boston startups now considered “unicorns,” or companies valued at $1 billion or more. Just last week, Somerville, MA-based Formlabs said it had reached a $1 billion valuation. Actifio actually announced its entrance into the unicorn club in 2014, when it raised a $100 million funding round led by Tiger Global Management.