Share

Mirantis to get $100m cash injection from Intel

It was only 10 months ago that Mirantis announced a $100 million round and the company now has an identical announcement.

Advertisement

In its previous round, the firm had secured $100 million in series B funding led by Insight Venture Partners, that valued the company at $800 million. Also joining the funding round as a first-time investor in Mirantis is Goldman Sachs, the software developer said.

Working closely with other members of the OpenStack community, Google said that the move will bring its expertise in containers and container management to OpenStack while sharing its work with innovative open source projects like Kubernetes. OpenStack has certainly matured over the past few years and with a $100m investment coming Mirantis’ way, OpenStack could soon be installed with the push of a few buttons.

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

The collaboration is a part of Intel’s recently announced “Cloud for All” initiative, which aims to create tens of thousands of new clouds. As more companies opt to ditch their own centers and rent cloud computing services from Amazon, Microsoft, IBM and others, that reduces the number of enterprises buying large numbers of Intel-powered servers for their own, private data centers. “Mirantis’ goal is to make OpenStack the best way to deliver cloud software, surpassing any proprietary solutions”.

The chipmaker is also partnering with Mirantis, in an effort to move into the cloud-computing space as more enterprises ditch their mainframe computers and decide to put their functions on the cloud. Moreover, it is possible that Intel is setting up the stage for a huge cloud-related acquisition.

Hence, parts of the growing OpenStack ecosystem are beginning to offer automation tools like dashboards that can help automate deployment while eliminating the need for cloud administrators to visit datacenters to wrestle with physical machines.

Alex Freedland, co-founder and president of Mirantis, is more than a little bullish on the prospects of its OpenStack distribution in the wake of these endorsements. The most successful ones use the right blend of leadership and anarchy. One, Intel could provide contributions to the project to more directly leverage its virtualization enhancements. “Smart enterprises are embracing the cloud to grow top line revenues and get new services to market faster”, said Freedland.

Advertisement

Including this round, Mirantis has now sort-of-raised $220 million total.

Intel to invest millions in Mirantis