Massachusetts-based data management startup Actifio has raised $100 million led by Tiger Global with participation from previous investors Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures. Actifio has created a data storage platform that uses virtualization technology to help companies cut their storage costs by as much as 90%. Founded in 2009, Actifio is now valued at $1.1 billion and is preparing for an IPO in the next year.
Posted on: Thu, 27 Mar 2014 17:30:35 +0000