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Mirantis lands $100 million in fresh round of funding led by Intel

Joining Intel in the latest funding round are Ericsson and SAP’s investment arm along with previous investors August Capital, Insight Venture Partners and WestSummit Capital.

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Business Insider asked Mirantis for more details on that, but a spokesperson declined to describe it, saying, “The total funding round is $100 million, led by Intel“.

The competition between OpenStack and its rival platforms explains why Intel and Mirantis are collaborating over the issue of enterprise functionality.

However, Mirantis, which has grown to 750 employees, hit the consulting sweet spot in the market. Given Intel’s recent work, it’s not only about OpenStack. As part of the collaboration, Intel Capital has invested $100 million along with new investor Goldman Sachs.

“That is why it is important-to signal to the world that we are here to stay”, Mr. Freedland said in a statement.

With precious few exceptions, enterprise data centers run on Intel iron, and Intel likes to make a continuing case for how its hardware – when coupled with the right software – can provide advantages not found elsewhere.

“On the whole, this collaboration that’s happening and Intel’s dollars, there is nothing proprietary in it. All of that is flowing directly into open source; there’s no IP that goes to Intel”.

“The cost of managing IT on-premise is one of the primary reasons that so many application workloads are moving on to public clouds”, says Alex Freedland, President of Mirantis. The software is now competing with offerings from Microsoft and VMware.

Mirantis has been notable for the Fuel implementation tools it’s brought to an OpenStack project and the amount of training that it offers novices to the system.

Partly because of that, Mirantis has been behind the implementation of many early enterprise OpenStack clouds, including ones at Gap, Comcast, and PayPal. It also sells a version of OpenStack to enterprises that is easier to deploy. The chipmaker will most likely focus to assist Mirantis speed up OpenStack’s progress, and accelerate the adoption rate. Today, OpenStack tends to be implemented in smaller projects.

However, the most likely scenario is that Intel is assisting the cloud-computing and data storage-related software platform technologies from afar. It hopes with this combination of funds and resources to get to the point where a large enterprise could deploy OpenStack across all of its infrastructure, Freeland explained.

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“As enterprises embrace public, private and hybrid cloud strategies, they need choices in their infrastructure software”, she continued.

Intel to Lead $100 Million Investment into Mirantis