Actifio, an enterprise Data-as-a-Service (DaaS) software provider with its platform powered by patented Virtual Data Pipeline technology, has raised $100 million in a financing round led by Crestline Investors and joined by North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz, and other existing investors. Together they plan to capitalize on a $50B market opportunity as enterprises embrace multi-cloud Data-as-a-Service.
The investment would bring Actifio‘s valuation to more than $1.3 billion. The company is currently delivering its multi-cloud data management software solutions to more than 3,000 enterprises worldwide.
“Under the leadership of industry veteran Ash Ashutosh, Actifio is well positioned for continued success as the pioneer and innovator in the DaaS market,” said Will Palmer, Managing Director at Crestline Investors. “We have been impressed with the broad capabilities of Actifio’s software and the immense value proposition it delivers to its customer base across multiple vital use cases. We look forward to continued growth at the company.”
More than 80% of Actifio users would be driven by the need for scale and performance to manage databases that power business-critical applications. Nearly 60% of revenues now occur in DevOps and test data management environments. Actifio today protects and accelerates development for the largest single database instances, including several that are hundreds of terabytes in size, that are at the heart of the business. Over the past year, Actifio has broadened enterprise support for SQL, NoSQL, on-premises and cloud-resident databases and applications.
Hybrid, Cloud-Native Architectures
“Every day, we deliver on our mission of enabling global enterprises to accelerate their businesses by unlocking the strategic value of data – on-premises or across a multi-cloud architecture,” said Ash Ashutosh, Founder & CEO of Actifio. “Organizations worldwide use Actifio software to deliver Data-as-a-Service, making data the new infrastructure for security, DevOps, analytics, compliance, and governance. Using the hardware and infrastructure of their choice, on-premises, in public cloud and hybrid multi-cloud. Crestline gets this. We are excited to partner with Crestline to further accelerate data-driven business transformation initiatives in the global market.”
Nearly 20% of Actifio’s sales would be driven by global enterprises adopting public cloud platforms either in hybrid or cloud-native architectures. Actifio stated that it has attracted the world’s leading brands including 5 of top 20 global financials, 4 of the top 10 energy companies, 3 of the top 10 healthcare providers, 6 of the top 10 service providers and 4 of the top 20 global retail organizations.
“Actifio has staked out a unique and incredibly powerful position in the marketplace,” said Steve Duplessie, Founder and Senior Analyst, Enterprise Strategy Group. “Being the first to recognize the power of enabling organizations to leverage their data assets anytime, anywhere for any reason has led them to a customer base of over 3,000 marquee names in a very short time. This funding should help them step on the gas pedal.”