How it started
Founding
In July 2009, Ash Ashutosh founded Actifio in Waltham, Massachusetts, with four employees. The company launched its first product in the autumn of 2011.
In 2012, Gartner recognised Actifio in their Cool Vendor report, noting that its products facilitated cloud-based and off-site storage without the need to build secondary data centres. That same year, Actifio was described as the fastest-growing storage startup. As of May 2012, approximately a quarter of the company's revenue came from Europe.
Funding
On 21 July 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 30 September 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.
From Wikipedia’s article on Actifio, shared under CC BY-SA 4.0.3