Actifio is now part of Google Cloud. Read the full announcement.

News Article

Actifio Moves Out Of Startup Phase with $33 Million VC Round

October 10, 2012

Waltham’s Actifio, provider of a business data backup service that aims to be simpler than current methods, has added Andreessen Horowitz to its list of prominent venture capital firm backers, with the firm leading Actifio’s $33 million Series C round.

Actifio joins Facebook, Zynga and Twitter in the portfolio of the Menlo Park, Calif.-based VC firm, headed by Marc Andreessen(Netscape co-founder) and Ben Horowitz (co-founder of Opsware).

In a statement, Andreessen Horowitz general partner Peter Levine said he’s watched Actifio grow rapidly since its founding in 2009 by CEO Ash Ashutosh. Levine said the company has transformed itself from an innovative startup to a “well-established market leader” in the area of turning data management into a virtualized service.

The new funding round also included Actifio’s three big-name previous investors — North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures. The round brings the total VC raised by the company to $57 million.

Actifio says its service is “radically simpler” than traditional tools used for backup, disaster recovery, deduplication and business continuity.

Original Article