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ActiFio Raises $4 Million for Storage

ActiFio, a stealth-mode startup based in Weston, MA, has collected $4 million of a planned $8 million equity financing round, according to regulatory documents published online today. The documents do not reveal the identities of the investors, but James Goldstein of North Bridge Venture Partners is named as a board member. Led by storage industry veteran and Greylock partner Ash Ashutosh, ActiFio says on its website only that it is “delivering a paradigm shift in the complexity and cost of IT storage ecosystem.”

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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