Waltham, Mass. – Actifio, a Waltham, Mass.-based provider of data storage systems, has raised $33.5 million in its third round of venture capital, which was led by Andreessen Horowitz.
Actifio’s platform is optimized for managing copies of production data, and eliminating redundant silos of infrastructure and data management applications.
The company said the investment “signals a rapid shift in the data management and backup industry, away from traditional point tools used for backup, disaster recovery, deduplication, and business continuity that increase overall cost and complexity.”
Other investors in the company include North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures.
This article was also published in New England Tech Wire.
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