Intel Seeks to Improve Cloud Services from OpenStack with $100M Investment in Mirantis

By MoneyTimes

Aug 26, 2015 09:48 PM EDT

Intel is partnering up with Mirantis to advance OpenStack cloud computing framework with a $100 million investment.

Mirantis provides an OpenStack distribution, services, and customer support. It is one of the latest firms to collaborate with Intel. The huge investment is intended to speed up the enterprise maturity of the cloud technology OpenStack. Mirantis will benefit greatly from the $100 million round of investment from Intel Capital, as well as Goldman Sachs, Insight Venture Partners, August Capital, Ericsson, WestSummit Capital, and Sapphire Ventures.

OpenStack is an open source cloud-based operating system that was launched in 2010. This technology rivals Amazon Web Services, Google Cloud, and Microsoft Azure. Mirantis president Alex Freedland said Intel bought a co-development subscription with their company, allowing them to put more equity frinancing dollars in their operations.

Freedland said Mirantis is set to prove to the world that open development, open design, and open licensing is the next big thing for cloud infrastructure software. This will be achieved sooner after partnering up with Intel. Mirantis aims to make OpenStack the best way to provide cloud software. Industries are disrupted by software, which is why more and more enterprises are realising that using cloud is very advantageous. The smart businesses that embraced cloud has experience significant growth in their revenue and market their services faster. Mirantis is the only company that is a hu8ndred percent committed to utilising OpenStack exclusively.

Intel expects its $100 million investment to aide Mirantis in improving OpenStack in order to meet the needs of the enterprise. According to Intel Vice President Jonathan Donaldson, OpenStack needs improvement on its storage, network infrastructure, stack performance, and stack resiliency.

Donaldson said, "We hear a lot oabout OpenStack being ready for the enterprise, and in many cases OpenStack has provided incredible value to clouds running in enterprise data centers today."

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