Actifio Raises $100 Million to Facilitate Growth

Actifio Raises $100 Million to Facilitate GrowthEnterprise Data as a Service (DaaS) software provider, Actifio, has announced that it has raised $100 million in a recent financing round. The round was led by Crestline Investors and supplemented by 83North, North Bridge Venture Partners, Advanced Technology Ventures, Heritage Group, and Andreessen Horowitz, along with other existing investors. This funding puts Actifio’s valuation at over $1.3 billion.

Founder and CEO of Actifio, Ash Ashutosh, spoke about the funding round, stating, “every day, we deliver on our mission of enabling global enterprises to accelerate their businesses by unlocking the strategic value of data – on-premises or across a multi-cloud architecture. Organizations worldwide use Actifio software to deliver Data as a Service, making data the new infrastructure for security, DevOps, analytics, compliance, and governance. Using the hardware and infrastructure of their choice, on-premises, in public cloud, and hybrid multi-cloud. Crestline gets this. We are excited to partner with Crestline to further accelerate data-driven business transformation initiatives in the global market.”

Managing Director at Crestline Investors, Will Palmer, also made a statement saying, “Under the leadership of industry veteran Ash Ashutosh, Actifio is well positioned for continued success as the pioneer and innovator in the DaaS market. We have been impressed with the broad capabilities of Actifio’s software and the immense value proposition it delivers to its customer base across multiple vital use cases. We look forward to continued growth at the company.”

With this new investment, Actifio intends to drive company momentum by increasing enterprise adoption, accelerating the adoption of public and hybrid cloud, expanding its cloud platform and OEM partnerships, and remaining a leader in its field.

Founder and Senior Analyst of Enterprise Strategy Group, Steve Duplessie, also discussed the funding round, stating, “Actifio has staked out a unique and incredibly powerful position in the marketplace. Being the first to recognize the power of enabling organizations to leverage their data assets anytime, anywhere for any reason has led them to a customer base of over 3,000 marquee names in a very short time. This funding should help them step on the gas pedal.”

To read Actifio’s full press release, click here.

Follow Tess

Tess Hanna

Editor at Solutions Review
Tess Hanna is an editor and writer at Solutions Review covering Backup and Disaster Recovery. She has a degree in English and Textual Studies from Syracuse University. You can contact her at thanna@solutionsreview.com
Follow Tess