Deals

Mirantis takes another $10M in strategic investment for OpenStack clouds

OpenStack system integrator Mirantis has raised an additional $10 million in strategic investment to accelerate development for its Fuel product.

OpenStack is a cloud operating system that enables any organization to create and offer cloud computing services running on standard hardware. Software and service providers are turning to these systems because they allow for greater flexibility and scaleability. Mirantis’ role is to smooth the transition to an OpenStack platform.

Fuel is described as “Do-it-Yourself” kit for OpenStack so businesses can deploy and manage the architecture on their own. Mirantis also announced a major update to Fuel today that offers an improved user interface with a single control panel. Fuel tools are currently free and open source under the Apache 2.0 license. Mirantis plans to released Fuel Enterprise later this year.

Mirantis clients include organizations like Cisco, Dell, GE, HP, NASA, WebEx, Gap, PayPal, and AT&T. Ericsson, Red Hat, and SAP Ventures led this follow-on round and are all using Fuel. Telecom company Ericsson is using Fuel to move its systems and applications to an open cloud platform. Red Hat is an open source solutions provider and the largest contributor to OpenStack. It is currently working on bringing OpenStack to enterprise users and this investment is a strategic part of that effort. Mirantis also built an OpenStack cloud for SAP using Fuel, and SAP is currently investing heavily in cloud technology.

Mirantis closed its first $10 million in December 2011 from West Summit, Dell Ventures, and Intel Capital. West Summit also added into this second round of Series A financing. Mirantis is based in Mountain View, California.