MinIO Raises $103M in Series B Funding at $1 Billion Valuation

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MinIO Inc. is a Palo Alto-based creator of a multicloud object storage suite. It raised $103m Series B funding with a $1B valuation.

This round brought total funding to $126m. It was led by Intel Capital and included participation from SoftBank Vision Fund 2, a new investor, and existing investors Dell Capital and General Catalyst.

The company plans to use the funds for expansion and business growth.

MinIO, led by CEO Anand Babu Periasamy, and COO and co-founder Garima Kapoor, is a cloud storage company that pioneers high-performance, Kubernetes native object storage for multi-cloud environments. The software-defined, Amazon S3 compatible object storage system, MinIO, is used by over half of Fortune 500 companies with 760M+ Docker pulls. MinIO is available on all cloud platforms and has over 1.2M active deployments. This includes public cloud deployments using Google Kubernetes Engine and Amazon’s Elastic Kubernetes Service. Azure Kubernetes Service. Private cloud deployments using Red Hat OpenShift or VMware Tanzu.
MinIO is expanding its engineering presence in India through a subsidiary located in Bangalore.

There are many customers in India, Asia, and the Middle East.

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