Big money for big data: Actifio raises $100M at reported $1.3B valuation

Actifio, a data-as-a-service company offering companies multi-cloud access, management and protection of information, announced on Tuesday that it has raised $100 million in new funding.

Fort Worth, Texas-based firm Crestline Investors, Inc led the round with additional participation by Andreessen Horowitz, North Bridge Venture Partners, Advanced Technology Ventures, 83North, Heritage Group and other existing investors.

“Crestline invests in real software businesses with real enterprise customers,” said founder and CEO Ash Ashutosh. “Their leadership of this round is validation of the market opportunity and the value that Actifio brings to the table.”