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Nexus, others back Silicon Valley cloud storage startup Minio in Series A round

19 September, 2017

California-based Minio, which provides open source object storage for cloud-native and containerised applications, has raised $20 million (around Rs 128.6 crore) in a Series A investment round led by Nexus Venture Partners, Dell Technologies Capital and General Catalyst Partners.

Intel Capital, AME Cloud and Docker CEO Steve Singh also participated in the round, Minio said in a statement.

The funds will be used for accelerating product development and growth, it said.

Minio enables developers to store unstructured data on any public or private cloud infrastructure. It allows users to build their own Amazon S3-compatible object storage on bare metal, public cloud or existing SAN/NAS storage infrastructure. The company claims to have over 10 million downloads since launch in January 2017.

“Emerging trends like artificial intelligence, Internet of Things and 5G will accelerate the massive explosion of data taking place today,” said Anand Babu Periasamy, co-founder and CEO of Minio.

Nexus Venture Partners is an India- and US-based venture capital firm with assets of over $1 billion under management and an active portfolio of over 50 companies across technology, internet, media, consumer and business services sectors. Its portfolio companies include Helpshift, Snapdeal, Netmagic, Druva, Aryaka, Biz2credit and Pubmatic, among others.

In the cloud storage space, Silicon Valley- and Pune-based enterprise storage startup PrimaryIO raised $5.6 million (about Rs 36 crore) in seed funding from Accel Partners, Exfinity Venture Partners and Partech Ventures early this month.

In July, Bangalore- and US-based Minjar Cloud Solutions Pvt. Ltd, which operates a cloud computing platform, raised an undisclosed amount in a pre-Series A round led by Blume Ventures.

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Nexus, others back Silicon Valley cloud storage startup Minio in Series A round

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