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MinIO gets $103 mn from Intel, SoftBank, others at $1 bn valn

MinIO gets $103 mn from Intel, SoftBank, others at $1 bn valn


MinIO gets $103 mn from Intel, SoftBank, others at $1 bn valn

MinIO Inc., creators of the MinIO multi-cloud object storage suite, on Wednesday announced that it has raised $103 million in Series B funding at a $1 billion valuation.

The investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Technologies Capital, General Catalyst and Nexus Venture Partners. Today’s financing brings MinIO’s total funding raised to $126 million. The company becomes the fourth unicorn of the year. The company is headquartered in Palo Alto MinIO and has a subsidiary in Bengaluru and is rapidly expanding their engineering footprint in that geography.MinIO has dozens of customers across India, Asia and the Middle East.

“MinIO’s ability to solve the multi-cloud storage challenges faced by developers is impressive and we are delighted to continue supporting their mission through investment from Intel Capital,” said Greg Lavender, Chief Technology Officer; Senior Vice President, General Manager, Software and Advanced Technology Group for Intel Corporation. “Developers represent the engine of value creation in the enterprise and MinIO’s object storage suite is uniquely suited for their evolving requirements. MinIO’s power, simplicity and capacity to run anywhere — from the edge to the cloud — make it one of the most compelling companies in the storage space.”

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MinIO has established itself as the leader in AWS S3 compatible, multi-cloud object storage. Available on every cloud, MinIO has more than 1.2M active deployments on the public cloud, private cloud and edge. This includes public cloud deployments on Google Kubernetes Engine, Amazon’s Elastic Kubernetes Service, Azure Kubernetes Service, private cloud deployments on Red Hat OpenShift, VMware Tanzu, HPE Ezmeral, SUSE Rancher as well as millions of colocation and edge deployments.

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