Cloud

Mirantis raises $100M, cashing in on OpenStack madness

Mirantis
Image Credit: Mirantis

Mirantis, one of the startups that sell distributions of OpenStack open-source cloud software, has capped off a seriously big Series B funding round totaling $100 million. The news from the startup, announced today in a statement, provides more proof that OpenStack could play a significant role in IT.

Naysayers poo-poo OpenStack, despite that technology vendors left and right have announced hardware and software based on it. And data center hardware giants Cisco and EMC have both acquired OpenStack startups in the past month or so.

Mirantis started in 2012 and is based in Mountain View, Calif. The startup says it has worked with more than 130 customers, including Ericsson, NASA (one place where OpenStack emerged), PayPal, Samsung, and Workday. In addition to selling an OpenStack distribution, Mirantis also has a hosted private-cloud service.

Insight Venture Partners led the new round. Ericsson, Intel Capital, SAP Ventures, and WestSummit Capital also participated.

To date the startup has raised $120 million, including the $10 million round it announced in June 2013.

The startup is plotting an initial public offering in 2016, a spokesman told VentureBeat.