Minio Secures $20 Million Series A

Minio, Inc., provider of open source object storage for cloud-native and containerized applications, announced $20 million in Series A funding jointly led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners, with participation by Intel Capital, AME Cloud Ventures and Steve Singh.

Funding will be allocated to accelerating product development, company growth and keeping pace with growing industry demand.

The company also announced its multi-cloud object storage, bringing Amazon S3 compatible object APIs to all cloud-native environments.

“As enterprises consider new hybrid IT solutions like VMware on AWS to extend their on-premise virtual environments, Minio bridges the final storage gap between on-premise and cloud hosting that otherwise severely limits the cloud opportunity,” said Mike Matchett, senior analyst and consultant, Taneja Group. “Whether Minio is running over VMware vSAN, HPE Nimble or a developer’s Mac laptop, it provides a consistent AWS S3 compatible object storage service.”

Minio enables developers to store unstructured data on any public or private cloud infrastructure. Now with support for multi-cloud, it is enabling users to build their own Amazon S3-compatible object storage on bare metal, public cloud or existing SAN/NAS storage infrastructure. With over 10 million downloads since its availability in January 2017, Minio’s cloud-native object storage server has been widely recognized within the cloud community.

“Emerging trends like AI, IoT and 5G will further accelerate the massive explosion of data taking place today,” said Anand Babu Periasamy, co-founder and CEO, Minio. “With such an influx, multi-cloud and standardization of the infrastructure stack is inevitable. We’re thrilled to be pushing the industry forward with support for multi-cloud, and welcome our newest investors as we continue to innovate and meet growing market demand.”

Minio’s object storage server is production ready, with features including erasure code, bitrot protection, lambda compute and encryption. The recent developments brought tighter integration with public and private cloud environments based on Docker, Kubernetes, Cloud Foundry, DC/OS, Azure and Google Cloud Platform. Minio also provides metadata search, allowing users to achieve this functionality through company’slambda functions, in conjunction with a database or a message queue. Minio will expand Search R&D moving forward.

“Minio was quick to recognize the explosive growth of unstructured data and is delivering innovative solutions to address customer’s cloud-native object storage needs. The addition of multi-cloud support underscores Minio’s deep understanding of industry trends and facilitates customer-choice,” said Gregg Adkin, MD, Dell Technologies Capital. “We look forward to working with Minio not only from an investor perspective but also to help them utilize Dell Technologies’ extensive ecosystem to deliver cloud storage solutions to customers around the globe.”

Read also:
Start-Up Profile: Minio, in Open Source Object Storage
For developers to build their own cloud storage, just raising $3.3 million seed funding
by Jean Jacques Maleval | 2015.06.25 | News