Minio, an Open Source Object Storage Startup, Raises $3.3M Seed Funding Led By General Catalyst and Nexus Ventures

Minio is a new open source startup being launched by former Gluster founder

 

Palo Alto, CA, June 17, 2015: Former Gluster founder, Anand Babu (AB) Periasamy, today announced the launch of a new open source company, Minio, alongside a $3.3M seed funding round led by General Catalyst and Nexus Ventures. Jerry Yang’s AME Cloud Ventures, Index Ventures, Mark Leslie, Brian Stevens, Ben Golub, Lanham Napier and Andrew Feldman also participated in the seed financing. The company will use the funds to develop the Minio Server, Minio Client and Minio Libraries. Minio enables application developers to build their own cloud storage and scale to millions of users.

Over the last five years, the Internet has seen an unprecedented growth of data driven by photos, videos, documents and machine generated data. Object storage evolved primarily to address this type of content in the cloud. According to a recent research study by industry analyst MarketsAndMarkets the public/private cloud storage market is estimated to grow from $13.57 billion in 2014 to $56.57 billion in 2019 at a compound annual growth rate (CAGR) of 33.1%. Minio aims to democratize cloud storage by building object storage in the open source community.

“The name Minio stands for minimal object storage and derives from our belief in the philosophy of minimalism,” said Minio Co-Founder and CEO, Anand Babu Periasamy. “To store 80% of the world’s data, users need only 20% of the storage functionality. As counterintuitive as it seems, scalability and operational ease start with reduction and simplicity.”

Minio will simplify storage to the extent application developers can include object storage with their application stack, just like Node.js, MongoDB and Cassandra. Minio is perhaps the first developer friendly storage targeted at private clouds. Minio has the potential to make every developer a storage expert.

“Abstracting out technology sophistication into elegant simplicity, minimalism and user delight has been the cornerstone of AB’s entrepreneurial efforts. He had done that successfully with his previous startup gluster that we were thrilled to have partnered with. He is doing that again with minio, which we are again thrilled to be backing from day 0. Minio has the potential to redefine cloud storage, the way we know it.” said Jishnu Bhattacharjee, Managing Director, Nexus Ventures.
“Anand and his co-founders at Minio uniquely understand open source community building, storage and the needs of millennial application developers. They are well positioned to swing for the fences in this 10 billion+ market opportunity and capitalize on a fundamental secular shift in decision making from IT to application developers” said Deepak Jeevankumar, Principal, General Catalyst Partners.

Application developers can access hosted Minio server at https://play.minio.io:9000 for testing and development. Minio is API compatible with Amazon S3 storage service. Minio Client and Minio Libraries are also available for download at https://minio.io. 

About Minio:

Minio, Inc., is the company behind Minio, an open source distributed object storage software. Minio server and client are written in golang and released under Apache v2 licence. Minio, Inc. was founded in in November 2014 by Anand Babu Periasamy, Harshavardhana, Frederick Kautz and Garima Kapoor. Visit www.minio.io for more information. Follow us on Twitter @minio_io

 

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