ActiFio Adds $16M for Data Management

Waltham, MA-based ActiFio, a data management software startup, has raised $16 million from undisclosed investors, according to a regulatory filing. Bob Hower, general partner at Advanced Technology Ventures, is listed on the form as a director, and the Boston Business Journal has confirmed that ATV is a new investor in the company. Earlier this year, ActiFio completed an $8 million Series A financing led by North Bridge Venture Partners and Greylock Partners. In July, the company’s founder and CEO, data storage veteran Ash Ashutosh, talked with me about Actifio’s strategy in “virtualizing” data backup, protection, and recovery across different computer systems, and about its dream of becoming the next Data Domain (which was sold to EMC for $2.1 billion last year).

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