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, Calif.--()--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,” said Lanham Napier, former CEO of Rackspace. “Minio is perhaps the first developer friendly storage targeted at private clouds. Just like Stripe has made every developer a payment expert, Minio has the potential to make every developer a storage expert.”

Existing storage technologies are too complex to build and operate at cloud scale. “Relieving the operational burden is one of the drivers for cloud adoption,” said Brian Stevens, VP Cloud Platforms, Google and former CTO of Red Hat. “AB and team are the right set of open source leaders to design cloud resident object storage, with simplicity built in."

Application developers can access hosted Minio server at http://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 http://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 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.

Contacts

Media Contacts:
Minio, Inc.
Garima Kapoor, +1-650-666-5229
Garima@minio.io
or
General Catalyst Partners
Katja Gagen, +1-415-690-6689
kgagen@generalcatalyst.com
or
Nexus Ventures
Suhasini Mehta
suhasini@nexusvp.com

Contacts

Media Contacts:
Minio, Inc.
Garima Kapoor, +1-650-666-5229
Garima@minio.io
or
General Catalyst Partners
Katja Gagen, +1-415-690-6689
kgagen@generalcatalyst.com
or
Nexus Ventures
Suhasini Mehta
suhasini@nexusvp.com