193:. Actifio had just started looking for its next round of funding when Peter Levine, a partner at Andreesen Horowitz, called to merely ask about Actifio's location. Actifio closed on funding nine days later. Levine said he did the deal because he believes Actifio will “dominate a large segment of the backup and storage space.” North Bridge Venture Partners, Greylock Partners, and Advanced Technology Ventures also invested in this round of funding. After completing its Series C funding, Actifio had received a total of $ 57 million in venture capital.
256:, and many other organizations As of October 2012, Actifio had about 180 clients and its deals averaged a value of about $ 250,000. By March 2013, Actifio had over 300 clients in 31 countries paying an average of $ 349,000 per three-year contract. The data under Actifio management at this time was over 1 exabyte, with 14 petabytes of active application data, and 55 petabytes of physical storage capacity. As of July 2014, there were about 400 Actifio clients worldwide, including both large multinationals and cloud service providers.
27:
320:. His next venture was AppIQ, which was acquired by HP in 2005. After leaving HP in 2008, Ashutosh became a venture capitalist at Greylock Partners, where he was an investor in information technology companies, and ultimately founded Actifio. He left Greylock in 2009 to focus full-time on Actifio, serving as its president and CEO.
138:
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
154:
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,
272:
On
December 3, 2020, Google announced it intended to acquire Actifio for an undisclosed sum. The acquisition closed on Monday Dec 14, 2020. At that time Actifio informed State Authorities in Massachusetts that it was laying off 54 workers in that state. It is unclear how many were laid off in
219:
that increased its implied valuation to $ 1.1 billion. This money came in the form of primary funding with no secondary liquidity for employees or earlier shareholders. Ashutosh said that $ 125 million could have been raised but that some money had been turned away. $ 75 million closed on 14 March
122:
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
281:
Copy data consists of multiple copies of the same file. This data could come in the form of multiple copies of volumes, backups, test/dev, online copies for disaster recover, etc. In a study IDC found that about 75% of storage is consumed by copy data. Actifio conducts joint research with IDC to
117:
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
288:
In July 2014, Actifio introduced
Resiliency Director, an automated disaster recovery tool. Sungard Availability Services, a disaster recovery firm, was able to recover hundreds of virtual machines in less than 20 minutes during a test of Resiliency Director.
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more efficient by reducing unnecessary duplication of data. On
December 3, 2020, Google announced it intended to acquire Actifio for an undisclosed sum. The acquisition closed on Monday Dec 14, 2020.
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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
591:
http://www.actifio.com/company/blog/post/actifio-closes-16-million-in-series-b-round-of-financing-to-address-global-demand-for-dynamic-data-management-virtualization/#sthash.tnEhPpu3.dpuf
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http://www.actifio.com/company/blog/post/actifio-secures-8-million-in-series-a-funding-to-address-market-demand-for-dynamic-data-management-virtualization/#sthash.ynESVzmZ.dpuf
264:
Actifio and IBM announced an OEM agreement on Feb 5, 2019. This allowed IBM to sell an IBM Branded version of
Actifio software as IBM InfoSphere Virtual Data Pipeline (VDP).
200:
round, media reported that investors valued the company at $ 500 million. After completing its Series D funding the firm had received $ 108 million in venture capital.
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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.
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162:(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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and the rest on 7 April. After this round of funding, Actifio had raised $ 207.5 million in capital. In August 2018, Actifio took in $ 100 million.
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technological superiority, and a stellar executive team that will allow
Actifio to deliver on the promise of Data Management Virtualization.”
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understand the copy data problem in depth. IDC estimated that businesses would spend roughly $ 44 billion on coping with copy data in 2013.
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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.
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On
September 30, 2010, Actifio announced that it had closed on $ 16 million in series B funding. This round of funding was led by
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815:"Actifio Announces OEM Agreement with IBM To Help Accelerate Application Modernization in a Multicloud Data & AI World"
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316:, he joined StorageNetworks. Later he founded Serano Systems, a fiber channel controller manufacturer that he sold to
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Ashutosh holds an undergraduate degree in electrical engineering and a master's degree in computer science from
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625:"With $ 1.5B to invest, will Andreessen Horowitz become a regular in Boston? - Boston Business Journal"
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On 23 March 2014, Actifio announced that it had raised another $ 100 million in series E funding from
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646:"Silicon Valley's Andreessen Horowitz keeps its eye on Boston tech - Boston Business Journal"
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8:
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889:"Actifio, tech firm being purchased by Google, to lay off 54 workers - The Boston Globe"
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division, a position he took after HP acquired another Ashutosh startup, AppIQ in 2005.
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Actifio was founded by Ash Ashutosh, who had previously served as chief technologist at
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229:
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604:"Actifio moves out of start-up phase with $ 33M VC round - Boston Business Journal"
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Actifio was one of the first firms to enter the copy data management (CDM) market.
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760:"Fast-growing Actifio to move into 3x larger Waltham HQ - Boston Business Journal"
559:"Actifio helps push the easy button for data management - Boston Business Journal"
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302:
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174:
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864:"IBM Partners with Actifio on InfoSphere Virtual Data Pipeline | DEVOPSdigest"
1111:
1017:"Incubating a Fat Startup at Greylock: Ash Ashutosh, CEO of Actifio (Part 4)"
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In 2013, Ashutosh was named "EY Entrepreneur of the Year" for New England by
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166:
456:
178:
452:"Kiss my DRaaS: Actifio reckons its virty gear will shrink your storage"
1078:"Immigrants are honored for entrepreneurial success - The Boston Globe"
313:
667:"Enterprise Sector Keeps Booming as Actifio Scores $ 500M Valuation"
724:"$ 100 Million Was Once Big Money for a Start-Up. Now, It's Common"
395:"Google To Acquire Actifio To Beef Up Google Cloud Data Protection"
245:
182:
705:"Actifio Joins $ 1 Billion Valuation Club With $ 100M Investment"
327:. He also lectures at the Massachusetts Institute of Technology.
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190:
135:
104:. The company specialised in copy data virtualization for making
505:"500% Growth Makes Actifio History's Swiftest Storage Start-up"
26:
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1100:
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As of 2013, Ashutosh was an entrepreneur-in-residence at
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933:"Actifio Is Eating EMC's Lunch In $ 44 Billion Market"
85:
1035:"The man who wiped $ 56bn off the storage industry"
541:"Eyeing an IPO, Waltham's Actifio takes aim at EMC"
446:
444:
778:"Hopkinton's EMC taking hits from Waltham startup"
373:"Actifio 6.0 Copy Data Storage Platform Announced"
1133:Defunct computer companies based in Massachusetts
1109:
441:
1123:Defunct software companies of the United States
1021:Sramana Mitra's One Million by One Million Blog
551:
1053:"The EY Entrepreneur Of The Year New England"
742:"Actifio Boosts Storage Efficiency, Capacity"
523:"Actifio Launches No-Backup Data File System"
472:"Actifio Launches No-Backup Data File System"
702:
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930:
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273:other regions where Actifio had employees.
165:In 2011, Actifio received $ 33 million in
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1148:Software companies disestablished in 2020
796:"Gartner Cool Vendors 2012 - Gartner Inc"
489:
123:over other data management applications.
911:
721:
1153:2020 disestablishments in Massachusetts
1128:Software companies established in 2009
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886:
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106:information technology infrastructure
1138:2009 establishments in Massachusetts
992:"A Secret Storage Start-Up: ActiFio"
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386:
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337:Ashutosh is originally from India.
13:
464:
118:management and storage to replace
14:
1164:
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722:Griffith, Erin (14 August 2018).
383:
211:, North Bridge Venture Partners,
952:"Selling Abroad From the Get-Go"
950:Scott Denne (26 December 2012).
686:"4 things to know about Actifio"
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393:Kovar, Joseph F. (2020-12-02).
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887:Rosen, Y (December 15, 2020).
703:Deborah Gage (24 March 2014).
533:
515:
503:Peter Cohan (8 October 2012).
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347:
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196:During Actifio's $ 50 million
1:
1143:2020 mergers and acquisitions
684:Dan Primack (24 March 2014).
340:
217:Technology Crossover Ventures
77:Ash Ashutosh, Founder and CEO
931:Peter Cohan (30 June 2014).
914:"The economics of copy data"
419:"The Economics of Copy Data"
312:. After working for LSI and
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213:Advanced Technology Ventures
160:Advanced Technology Ventures
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228:Actifio clients included
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671:The Wall Street Journal
325:Harvard Business School
207:, Andreessen Horowitz,
205:Tiger Global Management
173:. This firm, headed by
974:The New Indian Express
355:"The Perks of Waltham"
102:Waltham, Massachusetts
100:firm headquartered in
98:information technology
65:Waltham, Massachusetts
46:Information Technology
980:on February 25, 2015.
318:Vitesse Semiconductor
310:Penn State University
96:was a privately held
868:www.devopsdigest.com
1118:Google acquisitions
171:Andreessen Horowitz
86:http://actifio.com/
21:
996:Storage Newsletter
819:www.prnewswire.com
748:. 6 December 2012.
728:The New York Times
547:. August 19, 2013.
529:. October 4, 2011.
429:on 3 November 2016
379:. August 19, 2013.
361:. January 4, 2013.
181:, has also funded
19:
802:on July 22, 2013.
377:StorageReview.com
332:Ernst & Young
234:Boston University
230:Time Warner Cable
209:Greylock Partners
91:
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16:USA-based IT firm
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1101:Official website
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236:Medical Campus,
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1023:. June 9, 2013.
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169:funding led by
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1061:. Retrieved
1057:the original
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1039:MicroscopeUK
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999:. Retrieved
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896:. Retrieved
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823:. Retrieved
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800:the original
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782:telegram.com
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303:StorageWorks
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293:Ash Ashutosh
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179:Ben Horowitz
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60:Headquarters
34:Company type
268:Acquisition
1112:Categories
1063:2014-12-01
1001:13 October
898:2020-12-20
873:2021-04-19
849:2021-04-19
825:2021-04-19
651:31 October
630:31 October
609:31 October
564:31 October
481:1 November
433:1 November
404:2020-12-02
359:Boston.com
341:References
314:Intergraph
73:Key people
840:"IBM VDP"
813:Actifio.
277:Copy data
246:Unilever
238:Navisite
198:Series D
183:Facebook
167:Series C
134:In 2012
113:Products
42:Industry
844:Actifio
690:Fortune
260:IBM OEM
254:Netflix
224:Clients
191:Twitter
150:Funding
141:startup
136:Gartner
127:History
94:Actifio
82:Website
52:Founded
37:Private
20:Actifio
937:Forbes
509:Forbes
215:, and
189:, and
120:siloed
527:eWeek
476:eWeek
187:Zynga
1003:2016
653:2016
632:2016
611:2016
566:2016
483:2016
435:2016
177:and
55:2009
956:WSJ
709:WSJ
399:CRN
301:'s
250:IBM
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
