Categories: CloudCloud Management

Mirantis Gets £64m OpenStack Investment From Intel, Goldman Sachs

OpenStack player Mirantis is receiving $100 million (£63.7m) from a group of investors, led by Intel and Goldman Sachs.

The investment is part of Intel’s strategy to increase its presence in the open source community, supporting OpenStack as an alternative cloud computing platform to giants such as Amazon Web Services and Microsoft Azure.

“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 Mirantis president Alex Freedland.

Naturally, Intel is fishing for more customers for its chip and server businesses. As PC sales decline, Intel is looking to the data centre to boost sales of its own products.

Disruption

“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,” said Freedland.

Intel first ploughed cash into Mirantis in 2013, where the pure-play OpenStack provider received $10 million (£6.4m) to aid its OpenStack distribution plans.

Mirantis has now managed to raise a backing of around $220 million (£140m), helped by a previous $100 million funding last year led by Insight Venture Partners.

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 for Intel’s data centre division.

Other existing investors in the $100 million funding include August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures (formerly SAP Ventures) and WestSummit Capital.

“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 of tens of thousands of clouds.”

Take our data centre quiz here!

Ben Sullivan

Ben covers web and technology giants such as Google, Amazon, and Microsoft and their impact on the cloud computing industry, whilst also writing about data centre players and their increasing importance in Europe. He also covers future technologies such as drones, aerospace, science, and the effect of technology on the environment.

Recent Posts

UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report

Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector

10 hours ago

Former Policy Boss At X Nick Pickles, Joins Sam Altman Venture

Move to Elon Musk rival. Former senior executive at X joins Sam Altman's venture formerly…

12 hours ago

Bitcoin Rises Above $96,000 Amid Trump Optimism

Bitcoin price rises towards $100,000, amid investor optimism of friendlier US regulatory landscape under Donald…

13 hours ago

FTX Co-Founder Gary Wang Spared Prison

Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during…

14 hours ago