Mirantis Raises $10 Million From Red Hat, SAP, WestSummit Capital, and Ericsson

Posted Jun 7, 2013

Mirantis is an OpenStack systems integration company that has raised $10 million in their second round of Series A financing since December.  Investors in this round include Ericsson, Red Hat, SAP Ventures, and existing investor WestSummit Capital.  Mirantis has raised a total of $20 million.  The company raised $10 million in December 2012 from Dell Ventures, Intel Capital and WestSummit Capital.

What Is OpenStack?
OpenStack is an open-source cloud computing project to set up an infrastructure-as-a-service (IaaS).  OpenStack is becoming high in demand especially by enterprise IT customers.  Mirantis’ software lets customers deploy OpenStack clouds.

Funding Plans
Mirantis plans to use the funding to enhance their position in the OpenStack market.  They will be accelerating their engineering roadmap for their OpenStack cloud tool Fuel.  Mirantis will also drive the integration of their technology with their products and partners.

“The investment by Ericsson, Red Hat, and SAP Ventures is about more than capital,” stated Mirantis president and CEO Adrian Ionel. “It’s about the integration of Mirantis’ Fuel technology and services with key players in IT.”

Fuel Update
Mirantis recently updated their Fuel software, which is available as a download from their website.  Fuel has a single control dashboard for OpenStack clusters that enables automated hardware discovery and network verification.  The new version of Fuel supports the Grizzly OpenStack release.  Mirantis’ Fuel has been available for free and are open source under the Apache 2.0 license

Mirantis will be releasing a commercial version of Fuel later this year called Fuel Enterprise.  Fuel Enterprise will be available exclusively to Mirantis’ subscription customers.

“Because Fuel is open source and easy to modify, experienced cloud operators can get maximum flexibility in their OpenStack deployment,” added Mirantis’ director of product and community Roman Alekseenkov. “With this latest update and Fuel Enterprise, we aim to complement this flexibility with ease-of-use for the daily operation of OpenStack clouds.”