This Palo alto- and Bengaluru-based start-up will use the capital raised to accelerate product development, enhance the search capability and the overall growth of the company.
According to a source, Anand Babu Periasamy, CEO of Minio said, “Primarily, from here on, the biggest investment is going to be on search engine. We store petabytes of data. It is a lot of unstructured data. When you see the data traffic around you from cellphone to internet to everywhere, data is moving towards media content and there is no good search to be made inside the data.”
“The immediate priority is that we want to grow the commercial side of the business. So far, we have been holding up, but there is a lot of interest from the industry,” he added.
The company is also offering its multi-cloud object storage, wherein one can use multiple cloud offerings to satisfy an operational need, thereby enabling users to build their own storage infrastructure.
Minio is an open-source application that gives users the ability to store their data across a range of cloud storage solutions including Amazon S3.
Minio, Inc. was founded in November 2014 by Anand Babu Periasamy, Garima Kapoor and Harshavardhana to address the demands of unstructured data growth. The company is also behind the popular open source cloud storage software “Minio”, used by millions across the globe. Minio, Inc. is headquartered in Palo Alto, California and backed by leading venture capital firms and industry leaders.