OpenStack firm Mirantis announces $100 million Intel investment
Mon 24 Aug 2015
Mirantis, the pure-play OpenStack company, today announced an investment and technology collaboration with chipmaking giant Intel.
As part of the collaboration, Intel Capital led a $100 million funding round with new investor Goldman Sachs and existing investors August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures and WestSummit Capital.
Last October, Mirantis announced an identical deal but led by Insight Venture Partners in what was the biggest open source investment deal in history, having only raised $20mn (£12.6mn) in total in two fundraising rounds prior to the deal.
Mirantis announced that ‘the collaboration will focus on accelerating enterprise feature optimization in Mirantis’ OpenStack distribution and fuelling enterprise OpenStack adoption’, with specifically the two companies addressing performance at scale, storage, network integration and support for big data.
The collaboration builds on Intel’s recently announced ‘Cloud for All’ initiative that aims to bring the benefits of the cloud to more businesses by making cloud solutions easier to deploy.
Having operated as an integration specialist for twelve years before changing course to OpenStack in 2012, today’s deal further increases the company’s reputation as one of the biggest contributors to OpenStack’s open-source software.
Alex Freedland, co-founder and president of Mirantis, said: “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.”
Launched in 2010, OpenStack is an open source cloud operating system, which provides an alternative to public cloud infrastructure services such as Google Cloud, Amazon Web Services, and Microsoft Azure.
Despite Google’s dominance in the public cloud arena, it recently jumped on board the hybrid cloud approach as a corporate sponsor, demonstrating its increasing potential as further illustrated by today’s collaboration.
Today’s deal means Mirantis, which promotes itself as the number one pure-play OpenStack company, has raised $220 million to date.