MinIO Raises $103 Million in Latest Funding Round

MinIO Inc., creators of the MinIO multi-cloud object storage suite, announced it has raised $103 million in Series B funding at a $1 billion valuation, enabling the company to accelerate multi-cloud storage adoption.

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. This financing brings MinIO’s total funding raised to $126 million.

MinIO continues to extend its feature leadership with the addition of click to deploy capabilities on AWS, Google Cloud, and Microsoft Azure. This complements MinIO’s market-leading capabilities in information lifecycle management, ransomware protection and active-active, strictly consistent multi-site replication.

MinIO is a high performance, Kubernetes-native, S3 compatible object store for a broad range of data storage use cases. Its performance dramatically exceeds comparable object stores, delivering tens of gigabytes of data per node in throughput.

The performance characteristics have made MinIO the object store of choice for leading machine learning frameworks, analytics applications, databases, web applications and other performance-oriented workloads. MinIO’s architecture is renowned for its simplicity and scales from TBs to EBs easily.

MinIO has established itself as the leader in AWS S3 compatible, multi-cloud object storage. Available on every cloud, MinIO has more than 1.2M active deployments on the public cloud, private cloud and edge.

This includes 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 fueled by developers. They drive our growth and enhance our product. This funding round will accelerate our efforts to deliver the world’s best multi-cloud data storage software and provide us with the resources to build a modern, developer-centric go-to-market machine,” said MinIO CEO and co-founder AB Perisamy.

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