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The Boston Globe

Business

Waltham data storage company Actifio raises $50m

Actifio, a Waltham-based data storage company, said Wednesday that it has closed a $50 million investment round led by Technology Crossover Ventures, with participation from existing investors Andreessen Horowitz, ATV, Greylock Israel, and North Bridge Venture Partners.

According to Actifio, its copy data storage platform lets businesses recover anything instantly, for up to 90 percent less cost than services operated by competitors. The intelligence firm IDC estimates the copy data storage market to be $44 billion.

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