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Andreessen Horowitz leads $33.5m round for Actifio

5 Dec 2011

US venture capital firm Andreessen Horowitz has led a $33.5m Series C financing round for protection and availability storage (PAS) platform Actifio.

The firm joined existing investors North Bridge Venture Partners, Greylock Partners and Advanced Technology Ventures in the round.

Actifio plans to use the funds to expand operations globally, increase awareness and capitalise on the adoption of its PAS platform by managed service providers (MSPs), cloud service providers and organisations facing management challenges associated with big data, the company said in a statement.

Peter Levine, a general partner at Andreessen Horowitz, said, “We’ve watched Ash [Ashutosh, founder and CEO of Actifio] and his team at Actifio transform the company from an innovative start-up applying virtualisation to data management to a well-established market leader transforming data management into a virtualized service.

“Actifio combines two core areas in which I have personally spent decades working in, data management and virtualisation. By leveraging virtualisation to break down back-up software, Actifio is actually helping enterprises solve the problems associated with trying to manage massive amounts of data,” he added.

In September the firm also led a $40m round for smartphone security company Lookout.

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