Cloud storage startup Minio secures $20 Mn Series A funding

Palo Alto and Bengaluru-based Minio, an open source object storage provider, has raised $20 million in its Series A round from several investors.

The round was jointly led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners. Intel Capital, AME Cloud and Steve Singh also participated, reports ET.

The latest proceeds will be used to accelerate the commercial availability of the product, enhance the search capability and overall company growth, and the startup is also looking to commercialize the idea and get some paying customers on its platform.

Also Read: Cloud services platform Pi Datacenters to raise $90 mn in Series B round

“Primarily, from here on, the biggest investment is going to be on search engine, said Anand Babu Periasamy, CEO of Minio."

He also added, "We store petabytes of data. It is a lot of unstructured data. When you see the data traffic around you from cellphone to Internet to everywhere, data is moving towards media content and there is no good search to be made inside the data."

Founded in November 2014 by Anand Babu Periasamy, Garima Kapoor and Harshavardhana, Minio offers multi-cloud object storage, wherein one can use multiple cloud offerings to satisfy an operational need, thereby enabling users to build their own storage infrastructure, including Amazon S3.

The firm had earlier raised $3.3 million seed funding from existing investors Nexus and General Catalyst in June 2015.

Before Minio, Periasamy co-founded Gluster, a software-based storage solution provider, in 2005. The company was acquired by Red Hat in 2011. In 2004, Periasamy had led the development of a Supercomputer code named “Thunder” for Lawrence Livermore National Laboratory.

Since its public rollout in January this year, Minio has been downloaded over 10 million times. The company has also worked on tighter integration with popular public and private cloud environments.

Minio: Website