News Article

Ash Ashutosh’s Actifio Now Valued at $1.2 Billion

July 30, 2015

Actifio, Waltham, MA-based copy data virtualization company founded by Ash Ashutosh in 2009, is now valued at about $1.2 billion, according to media reports. The valuation of the privately-held Actifio was calculated by Seattle-based venture capital research firm PitchBook, reported Boston Business Journal.

PitchBook calculates valuations using multiple sources of information including public filings, number of shares authorized for sale, issue prices, conversion ratios and stock splits. The valuations are created “using a series of calculations that rely upon assumptions, percent acquired and money raised” according to a spokeswoman quoted by Boston Business Journal.

Actifio, which raised $100 million in venture capital in last year, employs about 400 worldwide, with about 150 at its headquarters in Waltham. Since its founding, Actifio has raised a total of $207 million in VC funding.

Read Full Article >