PE Fund Investments
Nexus-backed cloud tech firm MinIO raises $103-M from Intel Capital, SoftBank, others
Palo Alto, CA (USA)- and Bangalore-based MinIO, which provides a “multi-cloud object storage†suite, has raised USD 103 million in Series B funding at a USD 1 Billion valuation. The investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Capital, General Catalyst and Indo-US cross-border focused VC firm Nexus Venture Partners. MinIO is a high performance, Kubernetes-native, S3 compatible object store for a broad range of data storage use cases. Its performance is said to dramatically exceed comparable object stores, delivering tens of gigabytes of data per node in throughput. The company is expanding its engineering footprint in India.
From the Venture Intelligence PE-VC Deal Database: Between Jun-15 and Sep-17, MinIo raised $23.3 M from Dell Technologies Capital, AME Cloud Ventures, Nexus Venture Partners, and others.
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