# MinIO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/minio

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.min.io
- Total disclosed funding: $126M
- Latest round: Series B (Jan 26, 2022)
- Investors on record: 7

## About

MinIO, Inc. specializes in high-performance, S3-compatible object storage solutions, catering to enterprises seeking effective data consolidation in private cloud environments.Established in 2014 and headquartered in Palo Alto, US, MinIO, Inc. provides solutions for AI and data analytics through its core product, AIStor. The company was founded by Garima Kapoor, who has a history of founding other technology ventures. In January 2022, MinIO raised USD 103 mn in SERIES B funding led by Intel Capital, with other participants including Dell Technologies Capital and General Catalyst Partners. The total amount raised by the company is USD 103 mn, and its current valuation stands at USD 908.97 mn.MinIO's primary product, AIStor, offers a high-performance, S3-compatible object storage solution aimed at enterprises consolidating data in private cloud settings. AIStor is designed to handle diverse workloads such as AI and data analytics while achieving performance benchmarks exceeding 2.2 TiB/s. The platform supports various infrastructures, including ARM and x86 architectures, and is recognized for features like active-active multi-site replication and granular object-level encryption, making it suitable for organizations moving to cloud-native architectures.MinIO generates revenue primarily through its AIStor product via a capacity-based pricing model. Clients typically engage under subscription agreements, paying for the storage capacity utilized along with enterprise features such as key management and load balancing. This pricing strategy promotes long-term relationships and offers discounts for larger capacity commitments, enabling competitive positioning against traditional appliance vendors by providing transparent and comprehensive services.In January 2022, MinIO secured USD 103 mn in SERIES B funding, which will be utilized to expand operations and business reach. The company is currently focusing on enhancing its product offerings and is expected to launch new innovations in the coming quarters. Additionally, MinIO is targeting expansion into new geographic markets, specifically in Asia and Europe, by the end of 2023.

## Funding rounds

- Series B, Jan 26, 2022, $103M — General Catalyst Partners, Intel Capital, Nexus Venture Partners, SB Investment Advisers, Dell Technologies Capital
- Series A, Jul 31, 2017, $20M — General Catalyst Partners, Intel Capital, Nexus Venture Partners, AME Cloud Ventures, Dell Technologies Capital
- Seed, Jun 17, 2015, $3.3M — Index Ventures, General Catalyst Partners, Nexus Venture Partners, AME Cloud Ventures

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed, Series A, Series B
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed, Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A, Series B
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series B