October 21, 2014

Mirantis Pulls Down Huge $100 Million Funding for OpenStack Efforts

Mirantis, which has steadily remained a nimble player in the OpenStack cloud computing arena, has just nailed down a massive $100 million Series B funding round led by Insight Venture Partners. The financing is being billed as the largest Series B open source investment in history.

Insight Venture Partners was joined by August Capital, as well as existing investors Intel Capital, WestSummit Capital, Ericsson, and Sapphire Ventures (formerly SAP Ventures). Reports are also flowing in that Mirantis could be planning an IPO, which could come next year.

Read more at Ostatic

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