Wilson Sonsini Advises MinIO on $103 Million Series B
- Client Highlights
- Data Storage and Cloud
On January 26, 2022, MinIO Inc., creators of the MinIO multi-cloud object storage suite, announced it raised $103 million in Series B funding at a $1 billion valuation. The investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Technologies Capital, General Catalyst, and Nexus Venture Partners. The financing brings MinIO’s total funding raised to $126 million. Wilson Sonsini Goodrich & Rosati represented MinIO in the transaction.
MinIO is a high performance, Kubernetes-native, S3 compatible object store for a broad range of data storage use cases. Its performance dramatically exceeds comparable object stores, delivering tens of gigabytes of data per node in throughput. The performance characteristics have made MinIO the object store of choice for leading machine learning frameworks, analytics applications, databases, web applications, and other performance-oriented workloads. MinIO’s architecture is renowned for its simplicity and scales from TBs to EBs easily. According to MinIO CEO and co-founder AB Perisamy, this funding round will accelerate efforts to deliver the world’s best multi-cloud data storage software and provide the resources to build a modern, developer-centric go-to-market machine.
For more information, please see MinIO's press release.