MinIO Inc., a Palo Alto, California – based creator of a multi-cloud object storage suite, raised $103m in Series B funding at a $1 billion valuation.
The round, which brings total funding raised to $126m, was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Capital, General Catalyst and Nexus Venture Partners.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Anand Babu Periasamy and COO and Co-founder Garima Kapoor, MinIO is a cloud object storage company pioneering high performance, Kubernetes-native object storage for the multi-cloud. With 760M+ Docker pulls, the software-defined, Amazon S3-compatible object storage system is used by more than half of the Fortune 500. 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.
MinIO has a subsidiary in Bangalore, India and is rapidly expanding their engineering footprint in that geography.
The company has dozens of customers across India, Asia and the Middle East.