infoTECH Feature

October 21, 2014

Wheelings & Dealings: Mirantis Receives Record $100M in Series B Funding

In a huge boon for open source cloud infrastructure, OpenStack B2B software provider Mirantis has brought in a record $100 million in Series B funding. The investment, led by Insight Venture Partners, is the largest ever Series B financing round supporting open source solutions and one of the largest B2B investments of its kind.

Mirantis specializes in OpenStack, delivering software, services, training and support for running scalable deployments of the open source cloud infrastructure solution. Mirantis has aided Cisco, Comcast (News - Alert), DirectTV, Ericsson, Expedia, NASA and Samsung in deploying OpenStack clouds. The company’s offerings are used by infrastructure vendors and service providers as well as for enterprise private cloud infrastructure and SaaS (News - Alert) deployments.

"Our mission is to move companies from an expensive, lock-in infrastructure to an open cloud that empowers developers and end users at a fraction of the cost,” said Adrian Ionel, president and CEO of Mirantis. “People choose us because we have the best software and expertise for OpenStack, foster an open partner ecosystem, and are a major upstream contributor, influencing the technology's direction."

The new funds will be used to double engineering investments at Mirantis and focus on development of the company’s zero lock-in OpenStack Software. The solution includes the downloadable Mirantis OpenStack distribution and the Mirantis OpenStack Express on-demand, hosted offering. The investment round will also be used to expand the company’s presence in Europe and the Asia-Pacific region as well as grow its open partner ecosystem.

Nicholas Summers, cloud architect at Home Depot—a Mirantis customer—added about the news, "Mirantis OpenStack is the only truly hardened and commercially-supported OpenStack distribution today that you can just download from the website, install using an intuitive GUI driven process and be up and running in no time. With everyone else, you either get raw upstream code or need to engage in an elaborate sales discussion before even getting your hands on the commercial version." 

Edited by Alisen Downey

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