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Minio Closes $103 Million Series B Round At $1 Billion Valuation To Accelerate Multi-Cloud Storage

Jan 26, 2022•over 3 years ago

Amount Raised

$103 Million

Round Type

series b

Redwood CityInformation TechnologySoftware

Description

MinIO Inc., creators of the MinIO multi-cloud object storage suite, announced today that it has raised $103 million in Series B funding at a $1 billion valuation. The investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Technologies Capital, General Catalyst and Nexus Venture Partners. Today’s financing brings MinIO’s total funding raised to $126 million.

Company Information

Company

Min Io

Location

Redwood City, California, United States

About

MinIO is pioneering high-performance object storage for AI/ML and modern data lake workloads. The software-defined, Amazon S3-compatible object storage system is used by more than half of the Fortune 500. With 1.5B+ Docker downloads, MinIO is the fastest-growing cloud object storage company and is consistently ranked by industry analysts as a leader in object storage. Founded in November 2014, the company is backed by Intel Capital, Softbank Vision Fund 2, Dell Technologies Capital, Nexus Venture Partners, General Catalyst and key angel investors.

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