Mirantis, a US-based cloud software systems integrator, has raised $100m in a series B round featuring participation from the corporate venturing units of chipmaker Intel and software firm SAP.
Communications technology producer Ericsson also invested, alongside Intel Capital, Sapphire Ventures and venture capital firms Insight Venture Partners, August Capital and WestSummit Capital.
Mirantis delivers the software and services for running cloud computing program OpenStack. The capital will enable the company to double its engineering investments, grow its open partner ecosystem and accelerate its expansion in Europe and Asia Pacific.
Mirantis CEO Adrian Lonel said: “Our mission is to move companies from an expensive, lock-in infrastructure to an open cloud that empowers developers and end-users at a fraction of the cost.
“Customers are seeing the value; we’ve gone from signing about $1m in new business every month to $1m every week”.
The funding brings the total raised by Mirantis to $120m. It raised $10m in a series A round 2013 from Sapphire Ventures, Ericsson, software producer Red Hat and WestSummit Capital, after securing an earlier $10m from Dell Ventures, the corporate venturng arm of computer manufacturer Dell, Intel Capital and WestSummit.