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Minio Raises $20 Million Funding from Multiple Investors

20 September 2017, India:

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

The fresh funding will be utilized for accelerating product development, company growth and keeping pace with rapidly growing industry demand. The company also announced today its multi-cloud object storage offering, 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 data storage gap between on-premise and cloud hosting that otherwise severely limits the cloud opportunity,” said Mike Matchett, senior analyst and consultant at 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.”

“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 of 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.”

Related Read: Shortlist Raises $1 Million Funding from University Ventures, Others

“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, Managing Director of 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,” he added.

Minio, Inc. was founded in November 2014 to address the demands of unstructured data growth. The company is also behind the popular open source cloud storage software “Minio”, used by millions across the globe. Minio, Inc. is headquartered in Palo Alto, California and backed by leading venture capital firms and industry leaders. (Image- Minio)

Also Read: Workplace Messaging App Slack Raises $250 Million Funding from SoftBank



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