Data Management Startup Raising Funds Secures $33.5 Million from Investors Including Andreessen Horowitz

A New Era in Data Management: Actifio Raises $57.5 Million in Venture Capital Funding

In a significant development for the virtualization data management software maker, Actifio has raised $33.5 million in a Series C financing round led by Andreessen Horowitz. This latest funding round brings the company’s total venture capital funding to date to $57.5 million.

Actifio: A ‘Protection and Availability Storage’ Platform Company

Founded in 2010, Actifio has established itself as a leading player in the data management solutions market. The company offers its innovative Protection and Availability Storage (PAS) platform to small to medium-sized businesses, large enterprises, and managed service and cloud service providers.

A New Category of Storage: Virtualizing Management of Data

Actifio’s mission is to virtualize management of data and consumerize the operations to enable transformation of the data center into an SLA-driven services organization. By addressing IT’s most frustrating challenges, including backup, disaster recovery, and business continuity, Actifio’s PAS platform is expanding to address test and development, analytics, compliance, e-discovery, and other business-critical requirements.

Creating a New Category of Storage: Efficient Virtualization and Management of Copies

Actifio’s innovative approach to data management involves efficiently virtualizing and managing copies of production data. This creates a new category of storage that is designed to meet the evolving needs of businesses in today’s digital landscape.

Meet the Leadership Team

Actifio’s leadership team comprises experienced professionals with a deep understanding of the enterprise IT market. The company is led by CEO Ash Ashutosh, who previously served as VP & chief technologist of HP’s StorageWorks division. President Jim Sullivan brings expertise from his previous role as VP, Worldwide Sales at IBM System Storage. David Chang, formerly founder and VP of Product Management at AppIQ (acquired by HP), rounds out the team.

Andreessen Horowitz Joins Actifio’s Board

The investment in Actifio is led by Andreessen Horowitz, with participation from previous backers North Bridge Venture Partners, Greylock Partners, and Advanced Technology Ventures. Peter Levine, a veteran enterprise IT exec (Veritas, XenSource, Citrix) and general partner at Andreessen Horowitz, has joined Actifio’s board.

A Strong Foundation for Growth

Actifio’s latest funding round demonstrates the company’s ability to attract significant investment from top-tier venture capital firms. With $57.5 million in total venture capital funding, Actifio is well-positioned to continue its growth trajectory and expand its market presence.

The Rise of Virtualization Data Management Software Makers

Actifio’s success highlights the growing importance of virtualization data management software makers in today’s digital landscape. These companies are playing a critical role in helping businesses manage their data more efficiently, reduce costs, and improve overall performance.

Why Virtualization Data Management is Crucial for Businesses

In today’s fast-paced business environment, organizations are facing increasing pressure to manage large amounts of data effectively. Virtualization data management software makers like Actifio are providing innovative solutions that enable businesses to:

Reduce storage costs by up to 90%
Improve disaster recovery times by up to 99%
Enhance test and development environments
Meet compliance requirements more efficiently

Conclusion

Actifio’s latest funding round is a testament to the company’s innovative approach to data management. With $57.5 million in total venture capital funding, Actifio is poised to continue its growth trajectory and expand its market presence. As virtualization data management software makers like Actifio lead the way in innovation, businesses are increasingly turning to these companies for solutions that meet their evolving needs.

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