Actifio Raises $50 Million
CEO: Ash Ashutosh
Data protection appliance vendor Actifio (http://www.actifio.com) received a new round of funding worth $50 million in March in series D funding and is expected to launch an initial public offering (IPO) in the next couple of years. Technology Crossover Ventures led the round, joined by Advanced Technology Ventures, Andreessen Horowitz, Greylock Partners and North Bridge Venture Partners.
Actifio, Waltham, Mass., develops purpose-built, data-protection appliances that manage backup, snapshot, business continuity, disaster recovery, test and development, analytics and other processes that create copies of production data. About 85 percent of the company's sales are made through channel partners.