US-based cloud storage software developer Minio has raised $20m in a series A round co-led by Dell Technologies Capital, the corporate venturing arm of computing equipnent manufacturer Dell Technologies.
Dell co-led the round with venture capital firms General Catalyst Partners and Nexus Venture Partners, while Intel Capital, the corporate VC arm of chipset maker Intel, VC fund AME Cloud Ventures and angel investor Steve Singh also took part.
Minio has built an open source cloud storage system for objects, the term for data bunches that can be plugged into different programs.
The funding will be used to speed up the development of new features such as integration with the most popular cloud-based ecosystems. Minio’s suite has already been downloaded 10 million times since its public launch in January 2017.
The series A round follows Minio’s $3.3m seed round, which was co-led by Nexus and General Catalyst in June 2015, with commitments from AME Cloud and VC firm Index Ventures as well as several individual investors.
Gregg Adkin, managing director of Dell Technologies Capital, said: “We look forward to working with Minio not only from an investor perspective but also to help them utilise Dell Technologies’ extensive ecosystem to deliver cloud storage solutions to customers around the globe.”