Virtualization data management software maker Actifio has raised$33.5 million in a Series C financing round led by Andreessen Horowitz, with previous backers North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures participating.
Founded in 2010, the startup has secured a total of $57.5 million in venture capital funding to date.
Actifio bills itself as a ‘Protection and Availability Storage’ platform company, offering data management solutions to small to medium-sized businesses, large enterprises and managed service and cloud service providers.
This is what the formal pitch sounds like:
Actifio is led by CEO Ash Ashutosh (formerly VP & chief technologist of HP’s StorageWorks division), president Jim Sullivan (previously VP, Worldwide Sales at IBM System Storage) and David Chang (formerly founder and VP of Product Management at AppIQ – acquired by HP).
Source:http://techcrunch.com/2011/12/05/virtualization-data-management-startup-raises-33-5m-from-andreessen-horowitz-others/
Founded in 2010, the startup has secured a total of $57.5 million in venture capital funding to date.
Actifio bills itself as a ‘Protection and Availability Storage’ platform company, offering data management solutions to small to medium-sized businesses, large enterprises and managed service and cloud service providers.
This is what the formal pitch sounds like:
Actifio’s mission is to virtualize management of data and consumerize the operations to enable transformation of the data center into an SLA-driven services organization.Peter Levine, a veteran enterprise IT exec (Veritas, XenSource, Citrix) and general partner at Andreessen Horowitz, has joined Actifio’s board.
Beginning with addressing IT’s most frustrating challenges (backup, disaster recovery and business continuity), the Actifio PAS platform is expanding to address test and development, analytics, compliance, e-discovery and other business-critical requirements, creating a new category of storage that efficiently virtualizes and manages copies of production data.
Actifio is led by CEO Ash Ashutosh (formerly VP & chief technologist of HP’s StorageWorks division), president Jim Sullivan (previously VP, Worldwide Sales at IBM System Storage) and David Chang (formerly founder and VP of Product Management at AppIQ – acquired by HP).
Source:http://techcrunch.com/2011/12/05/virtualization-data-management-startup-raises-33-5m-from-andreessen-horowitz-others/
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