Mirantis Raises $100M for OpenStack Cloud Efforts

OpenStack cloud vendor Mirantis has raised $100 million in a new Series B round of venture funding—bringing the company’s total capitalization to $120 million as it positions itself for an IPO in 2016.

Lead investors in the latest funding round are Insight Venture Partners and August Capital. Mirantis President and CEO Adrian Ionel told eWEEK that the company’s existing investors—including Dell Ventures, Intel Capital, WestSummit Capital, Ericsson, Red Hat and SAP Ventures—are all still on board as well.