image credit : Actifio

Massachusetts based enterprise software startup has now raised another $100 million in funding from Crestline, Andreessen Horowitz, 83North and other investors with this Series F round valuing the company at $1.3 Billion up from its most previous $1 Billion valuation when it raised $100 million in a 2014 Series E funding round.

The “data as a service” technology company is moving closer to an IPO and is now seeking profitability and growth for its business having raised $307 million in total since its start in 2009.

Actifio’s technology provides quick access to customer data for enterprises with additional data management and protection capabilities including analytics, business continuity, governance and security working on cloud based, virtual machines and physical platforms.

Defense, healthcare, IT, financial and several other categories of firms currently make use of Actifio’s technology to speed up processes and gain data management solutions.

Counting the likes of Technology Crossover Ventures (TCV), Tiger Global, Andressen Horowitz, Greylock and other notable names among its investor roster in addition to current partnerships with the likes of Oracle, Microsoft, Intel, IBM, Google, SAP, Amazon Web Services(AWS), Nutanix, Dell EMC, Red Hat, SUSE and other major software vendors for its service.

Actifio is currently focused on the reach of profitability as stated by its CEO and co-founder Ash Ashutosh with the company currently working towards the goal.

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