After raising $100 million in Series B funding almost a year ago, OpenStack cloud company Mirantis has now announced a strategic technology and investment collaboration with Intel. As part of the collaboration, Intel Capital led a $100 million funding round with new investor Goldman Sachs and existing investors August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures and WestSummit Capital.
The collaboration will focus on accelerating enterprise feature optimization in Mirantis’ OpenStack distribution and fueling enterprise OpenStack adoption. The new funding round includes a combination of equity and spending. The technical collaboration and work with Intel is part of Intel’s recent announcement focused on creating tens of thousands of new clouds, the ‘Cloud for All’ initiative.
“With Intel as our partner, we’ll show the world that open design, open development and open licensing is the future of cloud infrastructure software,” said Alex Freedland, co-founder and president of Mirantis. “Mirantis’ goal is to make OpenStack the best way to deliver cloud software, surpassing any proprietary solutions. Every industry is being disrupted by software. Smart enterprises are embracing the cloud to grow top line revenues and get new services to market faster. Mirantis is the only vendor 100 percent committed to only OpenStack.”
The technology collaboration with Intel will focus on adding increased capabilities for enterprise deployments. Specifically the two companies will address: performance at scale, storage, network integration and support for big data. Addressing these technology challenges would expand the use of OpenStack and ease adoption for Mirantis and Intel customers.
“Our investment in Mirantis is the next step in bringing open cloud infrastructure to the entire industry as part of Intel’s ‘Cloud for All’ initiative,” said Diane Bryant, senior vice president and general manager, Data Center Group, Intel. “As enterprises embrace public, private and hybrid cloud strategies, they need choices in their infrastructure software. OpenStack is an ideal open solution for cloud-native applications and services, and our collaboration with Mirantis is well placed to ensure the delivery of critical new enterprise features helping to create tens of thousands of clouds.”