Actifio brings in $100m at $1.3bn valuation

Actifio, an enterprise Data-as-a-Service (DaaS) software provider, has retained its unicorn status after raising $100m in financing.

The financing round was led by Crestline Investors, with participation from North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz, and other existing investors.

It brings the company’s valuation to more than $1.3bn and comes four years after it raised $100m in a Tiger Global-led round.

Ash Ashutosh, founder & CEO of Actifio, said, “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.

“Organisations 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.”

Founed in 2009, Actifio says its services are used by more than 3,000 enterprises worldwide. The company provides multi-cloud data management software solutions – Powered by patented Virtual Data Pipeline technology – to more than to enterprises for scale and performance.

The company claims its enterprise data-as-a-service software delivers modern data management capabilities to address regulatory challenges. With GDPR will change the way businesses manage their data, Actifio enables greater data control by virtualizing secondary copies, breaks down data silos to create data system of record, protect critical data with built-in data sensitivity flags, and manage full lifecycle of data, on-premises or in the cloud. In response to ransomware attacks, Actifio also enables users to recover file servers (regardless of size) to a known good point-in-time.

Copyright © 2018 RegTech Analyst

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