Minio Raises Seed Funding From General Catalyst & Nexus Ventures

Ex-Gluster founder, Anand Babu Periasamy, has announced the launch of a new open source company, Minio. Alongwith the launch company also raised  $3.3Mn in a 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 funding.

Minio enables application developers to build their own cloud storage and scale to millions of users. The company will use the funds to develop Minio Server, Minio Client and Minio Libraries.

Minio’s Co-Founder and CEO, Anand Babu Periasamy says, “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.

Minio, Inc. the company behind Minio, was founded in November 2014 by Anand Babu Periasamy, Harshavardhana, Frederick Kautz and Garima Kapoor. Minio is an open source distributed object storage software.Its server and client are written in golang and released under Apache v2 licence. 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.

“Minio’s team is 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 Jeevan Kumar, Principal, General Catalyst Partners.

According to a recent research study by industry analyst MarketsAndMarkets the public/private cloud storage market is estimated to grow from $13.57Bn in 2014 to $56.57Bn in 2019 at a compound annual growth rate (CAGR) of 33.1%.

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