Actifio Acquisition, Valuation, Funding & Investors

Actifio was acquired by Google Cloud in December 2020.

Actifio acquisition price

Undisclosed

Acquired by Google Cloud · Dec 2020

Cumulative funding Actifio raised

$250M

across 3 funding rounds

Key investors in Actifio

  • Andreessen Horowitz
  • 83North
  • North Bridge Venture Partners & Growth Equity
  • Advanced Technology Ventures
  • TCV
  • Tiger Global
  • Heritage Group
  • Crestline

Actifio Overview

About Actifio

Actifio was a data-management software company that provided enterprise Data-as-a-Service solutions for backup, disaster recovery, and copy-data management across on-premises and multi-cloud environments. Its patented Virtual Data Pipeline technology let organizations create a single virtualized copy of production data, reducing storage costs and supporting security, DevOps, analytics, and compliance use cases. Founded in 2009, the company served more than 3,000 enterprises before being acquired by Google Cloud in 2020 and integrated into its cloud backup and disaster-recovery offering.


Founded

2009

HQ

United StatesUnited States

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.3B (Aug 2018)

Actifio Acquisition

Actifio was acquired by Google Cloud for an undisclosed price on 2 December 2020.

Before the acquisition Actifio had raised $250M across 3 funding rounds.

Actifio was a data backup, disaster recovery, and copy data management software company founded in 2009 by Ash Ashutosh and David Chang. The company had raised $461 million across multiple funding rounds and was valued at $1.3 billion in its last private funding round in 2018, though the company faced financial challenges in 2020 and refinanced at near-zero valuation in May before the acquisition. Google Cloud announced a definitive agreement to acquire Actifio on December 2, 2020, with the transaction closing on December 14, 2020. The deal terms were not publicly disclosed. Google acquired Actifio to strengthen its Google Cloud Platform offering in backup, disaster recovery, and business continuity solutions, enabling the company to better serve enterprises managing workloads in both cloud and on-premises hybrid environments. Actifio had been a Google Cloud partner since 2016 and launched Actifio GO for GCP in 2019. The acquisition provided Google with an established revenue stream of approximately $100 million annually and an existing customer base for cross-selling opportunities. Following the acquisition, Google integrated Actifio into Google Cloud and retained the company's backup and disaster recovery technology while committing to support the partner ecosystem. The deal included some workforce reductions, with 54 employees laid off in Massachusetts in December 2020. The acquisition represented Google's strategic expansion into enterprise data protection and business continuity as a key priority for cloud customers facing increasing cybersecurity threats and regulatory compliance requirements.

Actifio acquisition details
AcquirerDateType
  • Google Cloud
2 Dec 2020Strategic M&A

Actifio Valuation

Actifio is currently valued at $1.3B, based on its Series F in August 2018.

The $100M round was led by Crestline, with participation from Heritage Group, Andreessen Horowitz, 83North, Advanced Technology Ventures and North Bridge Venture Partners & Growth Equity.

Actifio's valuation has grown 2.6x from $500M at its Series D in March 2013 to $1.3B in August 2018, across 3 priced rounds.

Actifio valuation by funding round

Actifio valuation by funding round
DateStageValuation
Aug 2018Series F$1.3B
Mar 2014Series E$1.1B
Mar 2013Series D$500M

Actifio Funding History

Actifio has raised a total of $250M across 3 funding rounds.

Actifio's first fundraising round was a $50M Series D in March 2013. The most recent completed round was a $100M Series F in August 2018.

Actifio funding rounds

Actifio funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2018Series FCrestline (lead); Heritage Group; Andreessen Horowitz; 83North; Advanced Technology Ventures; North Bridge Venture Partners & Growth Equity$100M$1.3BActifio is an enterprise Data-as-a-Service (DaaS) software provider offering multi-cloud data management solutions powered by patented Virtual Data Pipeline technology. The platform enables organizations to deliver data for security, DevOps, analytics, compliance, and governance across on-premises, public cloud, and hybrid multi-cloud environments. Founded in 2009, Actifio serves over 3,000 enterprises worldwide, addressing regulatory challenges like GDPR by virtualizing secondary data copies, breaking down silos, and managing data lifecycles with built-in sensitivity flags. It also supports ransomware recovery by restoring file servers to known good points-in-time. In August 2018, Actifio raised $100 million in a financing round led by Crestline Investors, with participation from North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz, and other existing investors. This round valued the company at more than $1.3 billion, maintaining its unicorn status four years after a previous $100 million round led by Tiger Global. CEO Ash Ashutosh highlighted the funding's role in accelerating data-driven business transformation globally. Actifio's solutions simplify backup, disaster recovery, and test data management at scale for workloads including SAP HANA, Oracle, Microsoft SQL Server, PostgreSQL, MySQL, VMs in VMware and Hyper-V, physical servers, and Google Compute Engine. The funding supports expansion amid rising demands for data infrastructure resiliency against threats like ransomware and network failures.
Mar 2014Series ETiger Global (lead); TCV; Andreessen Horowitz; 83North; Advanced Technology Ventures; North Bridge Venture Partners & Growth Equity$100M$1.1BActifio is a data management startup specializing in copy data virtualization, enabling businesses to create a single copy of production data for virtualization, which reduces storage costs by up to 90% and improves recovery times. The company targets the $46 billion global copy data problem, serving Global 2000 enterprises, cloud service providers, and mid-market customers. In March 2014, Actifio raised $100 million in an oversubscribed round led by Tiger Global, with participation from existing investors including 83North (Greylock IL), Advanced Technology Ventures, Andreessen Horowitz, North Bridge Venture Partners, and TCV (Technology Crossover Ventures), bringing total funding to about $207 million at a $1.1 billion post-money valuation. Actifio reported strong traction around the round, with 182% year-over-year bookings growth in 2013, over 300 enterprise customers worldwide across 31 countries, and 44% of bookings from outside the U.S. The platform managed over 1 exabyte of data, including 14 petabytes of active application data and 55 petabytes of physical storage capacity. The funding was intended to fuel global expansion, develop new features for its data management products, broaden reach to Global 2000 companies and mid-market segments, and empower cloud partners. This round followed a $50 million Series D in March 2013, amid IPO preparations, though CEO Ash Ashutosh indicated a public offering was unlikely until 2015. The deal positioned Actifio among top H1 2014 tech financings, highlighting Tiger Global's active role in mega-rounds.
Mar 2013Series DTCV (lead); Andreessen Horowitz; 83North; Advanced Technology Ventures; North Bridge Venture Partners & Growth Equity$50M$500MActifio, founded in 2008, is an enterprise data management and storage startup focused on Copy Data Storage technology that creates single, perfect copies of production data and enables instant recovery from any point in time. The company's technology targets the backup, archive, disaster recovery, and business continuity markets, estimated at $44 billion. By March 2013, Actifio claimed to be the fastest-growing enterprise storage company from inception, having achieved 700 percent revenue growth from 2011 to 2012 and ten consecutive quarters of double-digit sequential revenue growth. In the fourth quarter of 2012, Actifio generated approximately $13 million in revenue from 62 new customer transactions with an average deal size of $210,000, and operated with direct sales in 16 countries while generating 84 percent of revenues through channel partners. Actifio raised a $50 million D-round in March 2013 led by Technology Crossover Ventures (TCV), with participation from existing investors Andreessen Horowitz, Advanced Technology Ventures, Greylock Partners, and North Bridge Venture Partners. The funding brought the company's post-money valuation to $500 million on a funding basis, with total funding reaching $107.5 million across five rounds since inception. Actifio claimed 3,500 enterprise customers globally and operated with more than 400 employees, positioning itself as a disruptive force in the data management market with apparent strong investor confidence around its path to a future public offering.

Who has invested in Actifio?

8 investors have backed Actifio across its funding rounds, including Andreessen Horowitz, 83North, North Bridge Venture Partners & Growth Equity, Advanced Technology Ventures, TCV and Tiger Global.

Lead investors include Crestline, Tiger Global and TCV.


Actifio Investors

Investors in Actifio by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA3ParticipantMar 2013
83NorthUnited KingdomUnited Kingdom3ParticipantMar 2013
Advanced Technology VenturesUnited StatesUnited States3ParticipantMar 2013
North Bridge Venture Partners & Growth EquityUnited StatesBoston, MA3ParticipantMar 2013
TCVUnited StatesSan Francisco, CA2LeadMar 2013
Heritage GroupUnited StatesNashville, TN1ParticipantAug 2018

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Actifio Competitors

Actifio competitors include listed companies like TRS Information Technology and Transwarp, and private ones like Snorkel AI, Yugabyte, LangChain and Firebolt.

Public and private companies comparable to Actifio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Snorkel AIUnited StatesSan Francisco, CAPrivate$20M-$1.3B65.0x
YugabyteUnited StatesSan Francisco, CAPrivate--$1.3B-
LangChainUnited StatesSan Francisco, CAPrivate$12M-$1.3B104.2x
FireboltIsraelTel AvivPrivate--$1.4B-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B20.1x
TranswarpChinaChinaPublicly listed$67M($31M)$2B30.5x

Actifio Public Comps

Actifio is no longer listed, but its public comps include TRS Information Technology, e-Hualu, Transwarp, Business-intelligence, Zhongfu Information, BTQ Technologies, Datavault AI, Asteria, Airship AI and AgEagle Aerial Sys.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TRS Information Technology$76M($20M)19.7x20.1x(74.9x)488.0x
e-Hualu$69M($310M)24.2x-(5.4x)-
Transwarp$67M($31M)29.9x30.5x(65.0x)-
Business-intelligence$389M$54M6.7x6.0x48.5x-
Zhongfu Information$108M$1M3.5x2.7x366.4x-
BTQ Technologies$226K($18M)1734.6x268.1x(22.0x)-
Datavault AI$39M($49M)3.9x1.0x(3.1x)(7.4x)
Asteria$22M$9M4.8x4.9x12.1x-

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Common questions about Actifio

When was Actifio founded?Actifio was founded in 2009.
Where is Actifio headquartered?Actifio is headquartered in United States.
Is Actifio publicly listed?No, Actifio was acquired by Google Cloud in December 2020.
Who acquired Actifio?Actifio was acquired by Google Cloud in December 2020.
What is Actifio's valuation?Actifio was last valued at $1.3B in its Series F in August 2018.
How much funding has Actifio raised?Actifio has raised $250M across 3 funding rounds.
What was Actifio's last funding round?Actifio's last funding round was a $100M Series F in August 2018, led by Crestline.
Who are Actifio's investors?Actifio's investors include Andreessen Horowitz, 83North, Advanced Technology Ventures, North Bridge Venture Partners & Growth Equity, TCV, Heritage Group, Crestline and Tiger Global.
Which companies are comparable to Actifio?Companies comparable to Actifio include Snorkel AI, Yugabyte, LangChain, Firebolt, TRS Information Technology and Transwarp.

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