Intel To Lead $100M Investment in OpenStack Cloud Company

Tech giant Intel is betting big on cloud services. The company just led a $100 million round of funding in a pure play OpenStack company. IntelEUs investment into Mirantis should help the company optimize its enterprise features and drive more industry adoption.

First rolled out in 2010, OpenStack cloud software is built by a team of open source contributors under the guidance of the OpenStack Foundation. In just five years, it has become the fifth most popular cloud platform among global companies, according to market research firm Forrester Research Inc. The latest investment aims to help spur adoption by making it easier to deploy and integrate the technology into data centers.

EUAs enterprises embrace public, private and hybrid cloud strategies, they need choices in their infrastructure software,EU said Diane Bryant, senior vice president and general manager at Data Center Group, Intel, in a statement. EUOpenStack 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.EU

How Intel Is Helping

Intel, Goldman Sachs, August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures (formerly SAP Ventures) and WestSummit Capital invested in the latest round. Intel is doing more than offering cash, though. The company is collaborating with Mirantis on the technical side of the table as it works to create tens of thousands of new clouds as part of its Clouds for All initiative.

IntelEUs technological insights will work to add more capabilities for enterprise deployments. Specifically, Mirantis and Intel will work to address issues like performance at scale, storage, network integration and support for big data.

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...

Comments are closed.