Intel Leads $100 Million Investment in OpenStack Creator Mirantis

Strategic Insights -

Intel Corp. is significantly ramping up its backing for free software intended to aid companies in achieving the sorts of benefits offered by cloud services from Amazon Inc., Google Inc., or Microsoft Corp. The major chip maker will announce Monday its lead role in a $100 million infusion into Mirantis Inc., which sells a subscription version of the open-source software OpenStack. Intel's venture-capital arm initially invested in Mirantis in 2013 and is contributing, along with other investors, to a $75 million funding round. Intel is also committing additional funds to support future technology development by the Silicon Valley startup.

Key Takeaways:

  • Intel is leading a $100 million investment in Mirantis Inc., the creator of the open-source software OpenStack.
  • The investment is a $75 million funding round, with Intel contributing alongside other investors.
  • Intel's venture-capital arm initially invested in Mirantis in 2013.
  • OpenStack is a software dashboard that helps companies manage collections of server systems, storage devices, and networking equipment.
  • OpenStack is available in free and commercial versions, competing with offerings from Microsoft and VMware Inc.
  • The program, introduced in 2010 by the National Aeronautics and Space Administration and Rackspace Hosting Inc., has been making slow progress.
  • Intel's new commitment may make the product more appealing to corporate users.
  • The open-source software offers benefits similar to cloud services from major companies like Amazon Inc., Google Inc., and Microsoft Corp.

Statistics:

  • $100 million: The total investment in Mirantis Inc. led by Intel Corp.
  • $75 million: The funding round contributed by Intel and other investors.
  • 2013: The year Intel's venture-capital arm initially invested in Mirantis.
  • 2010: The year OpenStack was introduced by the National Aeronautics and Space Administration and Rackspace Hosting Inc.
  • $100 million funding: The new influx of funds to support future technology development by Mirantis.

Sources:

  • Intel Corp. [Exact source not provided]
  • Mirantis Inc. [Exact source not provided]
  • National Aeronautics and Space Administration [Exact source not provided]
  • Rackspace Hosting Inc. [Exact source not provided]
  • VMware Inc. [Exact source not provided]
  • Microsoft Corp. [Exact source not provided]