For many large companies, getting lots of data to make their businesses run better is no longer the problem. The real issue is they’ve now got more data than they know what to do with.
For the past five years, Waltham-based Actifio has been working to rewrite how companies manage, access and use that information—100 times faster and at least 10 times cheaper than before. And the firm has built a business valued at $1.1 billion as a result. That makes Actifio one of just a handful of billion-dollar “unicorns” in Boston. And in late May, the company announced a number of new features aimed at solving DevOps challenges as part of its push to accelerate its growth even further.
Since being founded in 2009, Actifio has raised a total of $207 million in funding, making the company one of the best-funded in Boston’s tech industry. Investors include Tiger Global Management, Advanced Technology Ventures, Andreessen Horowitz, North Bridge, Greylock and Technology Crossover Ventures. In March 2014, the company banked its latest round—$100 million—which valued the firm at $1.1 billion. At the time, CEO Ash Ashutosh said that the company was eyeing an IPO some time in mid to late 2015.