Monday, August 24, 2015

Intel Leads Another $100 Million Investment Round in Mirantis

Intel led a $100 million funding round and spending in Mirantis, which specializes in OpenStack solutions.  The funding round included new investor Goldman Sachs and existing investors August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures (formerly SAP Ventures) and WestSummit Capital.

The funding round builds on the $100 million in Series B funding that Mirantis raised in 2014.  Last year, Mirantis also announced the largest public sale of OpenStack software ever ($30 million with Ericsson). The start-up says its top line revenue grew 150 percent year-over-year and the company added more than 70 new enterprise customers. Mirantis is based in Mountain View, California and has also opened new offices in Amsterdam, Austin, Grenoble, Hong Kong and Tokyo.

Mirantis is undertaking technical collaboration with Intel as part of Intel’s recent announcement focused on creating tens of thousands of new clouds, the Cloud for All initiative. Specifically the two companies will address: performance at scale, storage, network integration and support for big data.  Addressing these technology challenges will expand the use of OpenStack and ease adoption for Mirantis and Intel customers.

“With Intel as our partner, we’ll show the world that open design, open development and open licensing is the future of cloud infrastructure software. Mirantis’ goal is to make OpenStack the best way to deliver cloud software, surpassing any proprietary solutions,” said Alex Freedland, co-founder and president of Mirantis. “Every industry is being disrupted by software. Smart enterprises are embracing the cloud to grow top line revenues and get new services to market faster. Mirantis is the only vendor 100 percent committed to only OpenStack.”

“Our investment in Mirantis is the next step in bringing open cloud infrastructure to the entire industry as part of Intel’s ‘Cloud for All’ initiative,” said Diane Bryant, senior vice president and general manager, Data Center Group, Intel. “As enterprises embrace public, private and hybrid cloud strategies, they need choices in their infrastructure software. OpenStack is an ideal open solution for cloud-native applications and services, and our collaboration with Mirantis is well placed to ensure the delivery of critical new enterprise features helping to create of tens of thousands of clouds.”