Minio Raises $3.3M Seed Funding Led By General Catalyst and Nexus Ventures

Former Gluster Founder, Anand Babu (AB) Periasamy, has announced the launch of a new open source company, Minio, alongside a $3.3M seed funding round led by General Catalyst and Nexus Ventures. Jerry Yang’s AME Cloud Ventures, Index Ventures, Mark Leslie, Brian Stevens, Ben Golub, Lanham Napier and Andrew Feldman also participated in the seed financing.

The company will use the funds to develop the Minio Server, Minio Client and Minio Libraries. Minio enables application developers to build their own cloud storage and scale to millions of users.

Minio Co-Founder and CEO, Anand Babu Periasamy said, “To store 80% of the world’s data, users need only 20% of the storage functionality. As counter intuitive as it seems, scalability and operational ease start with reduction and simplicity.”

Minio will simplify storage to the extent that application developers can include object storage with their application stack, just like Node.js, MongoDB and Cassandra. It was founded in November 2014 by Anand Babu Periasamy, Harshavardhana, Frederick Kautz and Garima Kapoor. It is an open source distributed object storage software. Its server and client are written in golang and released under Apache v2 licence.

Application developers can access hosted Minio server here for testing and development. Minio is API compatible with Amazon S3 storage service. To download Minio Client and Minio Libraries, click here.

“Minio team are well positioned to swing for the fences in this 10 billion+ market opportunity and capitalize on a fundamental secular shift in decision making from IT to application developers” said Deepak Jeevankumar, Principal, General Catalyst Partners.

Related Read:  #Fundingwire: Social Marketplace Startup GoCoop Raises $830K; Neuron Secures $200K & More

According to a recent research study by industry analyst, MarketsAndMarkets the public/private cloud storage market is estimated to grow from $13.57 billion in 2014 to $56.57 billion in 2019 at a compound annual growth rate (CAGR) of 33.1%. Minio aims to democratize cloud storage by building object storage in the open source community.