MinIO joins the Unicorn list by raising $103Mn

MinIO Inc has raised $103 million in Series B funding led by Intel Capital with existing investors Dell Capital, General Catalyst and Nexus Venture Partners, with participation from new investor SoftBank Vision Fund 2, valuing the company at $1 billion, making it the fourth unicorn of the year.

The company has more than 1.2 million active deployments on the public cloud, private cloud and edge including public cloud deployments on Google Kubernetes Engine, Amazon’s Elastic Kubernetes Service, Azure Kubernetes Service, private cloud deployments on Red Hat OpenShift, VMware Tanzu, HPE Ezmeral, SUSE Rancher as well as millions of colocation and edge deployments.

MinIO is an object storage provider for multi-cloud users. It has established itself as the leader in AWS S3 compatible, multi-cloud object storage. MinIO has dozens of customers across India, Asia and the Middle East.

MinIO continues to extend its feature leadership with the addition of click to deploy capabilities on AWS, Google Cloud and Microsoft Azure.

COO and Co-founder of MinIO Garima Kapoor, said, “With Indian organisations becoming cloud first, it represents an important market for MinIO to focus on and invest in as we enter into the company’s next phase of growth and expansion.”