Actifio
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| Private | |
| Industry | Information Technology |
| Founded | 2009 |
| Headquarters | Waltham, Massachusetts |
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Key people
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Ash Ashutosh, founder and CEO |
| Website | http://actifio.com/ |
Actifio is a privately held information technology firm headquartered in Waltham, Massachusetts. The company specializes in copy data virtualization for making information technology infrastructure more efficient by reducing unnecessary duplication of data.
Purportedly, Actifio's products are able to reduce unnecessary duplication of application data and software requirements for its users.The technology is designed to maintain data integrity while ensuring rapid access to that data throughout its entire life cycle. The system virtualizes data management and storage to replace siloed data protection and availability applications with a single purpose-built system. The process involves creating a "golden master" of production data that allows for a rapid manipulation and recovery of data if needed. This storage system is said to reduce data storage costs and improve efficiency over other data management applications.
In July 2009, Ash Ashutosh founded Actifio in Waltham, Massachusetts. The company started with four employees. It launched its first product in the fall of 2011.
In 2012 Gartner recommended Actifio in their Cool Vendor report and said its products facilitated cloud-based and offsite start and computing without the need to build secondary data centers. That year sales increased about 700 percent over 2011. By the end of 2012, Actifio had achieved five consecutive quarters of 500% year-on-year growth. In the fourth quarter of 2012 alone, Actifio did 62 deals with new clients with an average value of $210,000. In 2012, it was described as the fastest growing storage startup.
Staffing increased from 50 in December 2011 to 120 in May 2012. As of May 2012, about a fourth of the company's revenue came from Europe.
On July 21, 2010, Actifio announced that it had secured $8 million in series A funding. This round was led by North Bridge Venture Partners and Greylock Partners. Jamie Goldstein, general partner at North Bridge said, “Actifio has all the ingredients for success including a hot market opportunity, technological superiority, and a stellar executive team that will allow Actifio to deliver on the promise of Data Management Virtualization.”
On September 30, 2010 Actifio announced that it had closed on $16 million in series B funding. This round of funding was led by Advanced Technology Ventures (ATV) with participation by North Bridge Venture Partners and Greylock Partners. It brought Actifio's total venture capital funding to $24 million.
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