Enterprise data-as-a-service firm Actifio raises $100M on $1.3B valuation
Enterprise data-as-a-service firm Actifio Inc. said Tuesday it has raised $100 million in new funding to accelerate growth on a valuation of $1.3 billion, giving the Waltham, Massachusetts-based company unicorn status for the first time.
The Series F round, its first capital injection since 2014, was led by Crestline Investors with North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz and other existing investors also participating.
Founded in 2009, Actifio applies virtualization technology to data management by separating data backup and protection from the storage infrastructure. The company’s Virtual Data Pipeline technology essentially creates a single “golden copy” of an organization’s entire data store and exposes it via application program interfaces to the people and applications that need it. It also allows customers to restore data to any point in time in minutes, a capability useful for companies struggling with collapsing backup and restore windows.