April - 2013 - issue > Venture Beat

Actifio raises Rs.250 Crores in Series D funding

SI Team
Monday, April 1, 2013
SI Team
Actifio, a Data Protection Appliance Vendor headquartered in Waltham, Massachusetts has raised Rs.250 Crores in serried D funding from Technology Crossover Ventures, Andreessen Horowitz, Greylock Partners Israel and North Bridge Venture Partners. The company has now taken its total funding amount to Rs.540 Crores since its first series A funding in 2010.

The company hopes that the huge funding round will help Actifio prepare for a possible IPO within the next 24 months, which is the next logical step for the company according to its CEO, Ash Ashutosh. The firm will use the funding to hire new people to help the company increase its enterprise reach, to improve customer satisfaction via new programs and services, and to continue building out its intellectual property.

"We are just a little dot on the market. So our focus has been on growth. Also, we have invested a lot in customer satisfaction. That takes a lot of money. We are focused not just on growth, but also on happy customers," says Ashutosh.

Actifio is a radical copy data management provider. The Protection and Availability Storage (PAS) offered by the firm lets businesses recover anything instantly, for up to 90 percent less. PAS eliminates siloed data protection applications, virtualizing data management to deliver an application-centric, SLA-driven solution that decouples the management of data from storage, network and server infrastructure.
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