Virtualization data management startup raises $33.5 million in funding from Andreessen Horowitz and other investors.

Introduction

Actifio, a pioneering virtualization data management software maker, has announced the completion of its Series C financing round, securing a substantial $33.5 million in funding. This latest investment is led by the renowned venture capital firm Andreessen Horowitz, with previous backers North Bridge Venture Partners, Greylock Partners, and Advanced Technology Ventures participating.

Company Overview

Founded in 2010, Actifio has established itself as a leading provider of data management solutions for small to medium-sized businesses, large enterprises, and managed service and cloud service providers. The company’s mission is to virtualize the management of data and consumerize operations, enabling organizations to transform their data centers into Service-Level Agreement (SLA)-driven services organizations.

Key Features and Benefits

Actifio’s innovative Protection and Availability Storage (PAS) platform addresses some of IT’s most frustrating challenges, including:

1. Backup: Efficiently backing up data while minimizing downtime and storage requirements.
2. Disaster Recovery and Business Continuity: Ensuring seamless recovery in the event of a disaster or system failure.
3. Test and Development: Providing a scalable and cost-effective solution for testing and development environments.
4. Analytics: Enabling organizations to leverage their data for informed decision-making and improved business outcomes.
5. Compliance and E-Discovery: Streamlining compliance and e-discovery processes, reducing costs and minimizing risk.

Leadership Team

Actifio’s leadership team comprises seasoned experts in the enterprise IT industry:

1. Ash Ashutosh: CEO and former VP & Chief Technologist of HP’s StorageWorks division.
2. Jim Sullivan: President and previously VP, Worldwide Sales at IBM System Storage.
3. David Chang: Former founder and VP of Product Management at AppIQ (acquired by HP).

Funding Milestones

This latest investment brings Actifio’s total venture capital funding to $57.5 million. The company has demonstrated its ability to attract significant investment from top-tier venture capital firms, underscoring the potential for growth and innovation in the data management market.

Partnership with Andreessen Horowitz

Peter Levine, a veteran enterprise IT executive and General Partner at Andreessen Horowitz, has joined Actifio’s board of directors. This partnership is expected to foster collaboration between the two organizations, driving further innovation and growth in the data management space.

Conclusion

Actifio’s successful Series C financing round marks a significant milestone for the company, solidifying its position as a leading provider of virtualization data management solutions. With $33.5 million in new funding, Actifio is poised to continue innovating and expanding its offerings, addressing the evolving needs of businesses in an increasingly complex and interconnected world.

Related Links

• Actifio’s Website
• Andreessen Horowitz’ Website

Industry Insights and Trends

The data management market is experiencing rapid growth, driven by increasing demand for efficient, scalable, and cost-effective solutions. Actifio’s innovative PAS platform addresses key challenges in this space, making it an attractive option for organizations seeking to transform their data centers into SLA-driven services organizations.

Additional Resources

• Gartner Report: "Market Guide for Data Protection and Recovery Solutions"
• Forrester Report: "The Future of Data Management: Trends, Challenges, and Opportunities"

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