• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Actifio Nabs $100M to Fight Copy Data

    April 1, 2014 Alex Woodie

    Venture capital’s obsession with big data was on full display last month, with Hadoop leaders Cloudera and Hortonworks together bringing in $260 million in funding. But the VC love extended beyond analytics, as demonstrated by Actifio’s $100 million oversubscribed round of funding.

    Actifio develops a block-level object file system that centralizes a customer’s data, thereby eliminating the need to store multiple copies of data. Studies show that companies have between 13 and 120 copies of their data stored in various silos around the enterprise, including production, backup, data warehousing, development, and test. Large sums of money are spent managing, replicating, de-duplicating, compressing, masking, and encrypting this data for various purposes. As the data sets gets bigger (as they invariably do), the problems only magnify.

    Actifio’s solution to this dilemma is to virtualize the data and the access paths that applications use to get at it. Instead of letting each application create its own copy of the data, Actifio’s Copy Data Storage (CDS) software keeps a master copy of the data and “hydrates” it upon request. This approach can cut storage- and management-related costs by up to 90 percent, the company says, and as a side benefit, lets users recreate their data at any point in time. Last summer, the company announced native support for IBM i to go along with support for all the usual OS suspects.

    This approach is resonating with customers. The four-year-old Boston firm reports a 182 percent annual rate of growth in customer bookings, with live customers in 31 countries, more than 1 exabyte of data under management, and 36 patents in its portfolio. Those numbers are irresistible to the money men looking to invest in big data. To that end, Actifio’s $100 million round of financing was led by Tiger Global Management with participation from current investors, including North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures.

    “Having shone a light on the $46 billion global copy data problem, we will use this funding round to expand our copy data virtualization solution across the Global 2000; enable our cloud service provider partners to build thriving businesses powered by Actifio; and extend the reach of our technology down into an even broader base of the midmarket,” stated Actifio founder and CEO Ash Ashutosh in a press release.

    The light is bright for Actifio, which now has a valuation estimated at $1 billion. That’s double the valuation from a year ago, when it raised $50 million.

    RELATED STORY

    Actifio Supports IBM i with Copy Data Solution



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    Manta Technologies

    The Leader in IBM i Education!
    Need training on anything i?
    Manta is all you need.

    Save 20% During Manta’s Back-to-School Combo-Pack Sale!!

    Sale ends October 31.

    130 courses and competency exams on:
    · IBM i operations
    · System Management and Security
    · IBM i Programming Tools
    · Programming in RPG, COBOL, CL, Java
    · Web Development

    SQL, DB2, QueryProduct features:
    · Runs in every popular browser
    · Available 24/7/365
    · Free Student Reference Guides
    · Free Student Administration
    · Concurrent User License
    · Built-In IBM i Simulator

    You can download our 200-page catalog and take sample sessions at MantaTech.com.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    BCD:  IBM i Webinar April 10: How Automating Spool File Distribution Reduces Costs
    LANSA:  Webinar: Preserving your IBM i investment. April 10, 12 pm CT/1 pm ET
    Maxava:  Live Webinar: 11 Steps to Comprehensive DR Planning for IBM i. April 3

    More IT Jungle Resources:

    System i PTF Guide: Weekly PTF Updates
    IBM i Events Calendar: National Conferences, Local Events, and Webinars
    Breaking News: News Hot Off The Press
    TPM @ EnterpriseTech: High Performance Computing Industry News From ITJ EIC Timothy Prickett Morgan

    Deal For Windows Server 2012 On System x Expires Today Embedded SQL Exception/Error Handling

    Leave a Reply Cancel reply

Volume 14, Number 7 -- April 1, 2014
THIS ISSUE SPONSORED BY:

ProData Computer Services
PowerTech
Profound Logic Software
COMMON
Maxava

Table of Contents

  • Linoma Delivers MFT Client for Android and iOS
  • Townsend Taps Tieto to Resell IBM i Security Tools
  • Fresche Legacy Automates DDS to DDL Conversions
  • Actifio Nabs $100M to Fight Copy Data
  • Vanguard IMS-21: Now with More Metadata
  • Rocket Nabs Trubiquity for MFT
  • Infor’s CloudSuite for AWS: What it Means to IBM i Customers
  • Filipino Retailer Widens JDA MMS Investment
  • Profound Nabs Patent for Browser-Based Development Tool
  • Two More Customer Wins for Vault400

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • Kisco Adds DUO Support to i2Pass, Okta Up Next
  • Power10 Upgrade Considerations You Need to be Aware Of
  • Eradani Debuts DevOps Suite for IBM i
  • Four Hundred Monitor, October 4
  • This Is Your IBM i Market, And Therefore Your Annual Survey
  • 40 Years Of DB2, But Even More For That No-Name Database Embedded In The System/38
  • API Dev Tool Delivers For Trucking Outfit
  • Guru: TryIT – You’ll Like It
  • It’s Time To Tell Us How It Is And What You’re Doing
  • IBM i PTF Guide, Volume 25, Number 40

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2023 IT Jungle