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- MinIO
MinIO Valuation, Funding & Investors
MinIO is valued at $1B as of January 2022.
Last MinIO valuation
$1B
Series B · Jan 2022
Last MinIO funding round
$103M
Series B · Jan 2022
Cumulative funding MinIO raised
$126M
across 3 funding rounds
Key investors in MinIO
General Catalyst
Nexus Venture Partners
Intel Capital
AME Cloud Ventures
Dell Technologies Capital
Index Ventures
About MinIO
MinIO is a Kubernetes-native object storage system fully compatible with Amazon S3 APIs. Optimized for cloud workloads, it supports machine learning, analytics, backup, and archival tasks on public clouds, private clouds, and Kubernetes clusters. The open-source software operates under GNU AGPL v3 license.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Jan 2022)
MinIO Valuation
MinIO is currently valued at $1B, based on its Series B in January 2022.
The $103M round was led by Intel Capital, with participation from General Catalyst, SoftBank Group, Dell Technologies Capital and Nexus Venture Partners.
MinIO's valuation has grown 91x from $11M at its seed round in June 2015 to $1B in January 2022, across 2 priced rounds.
MinIO valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series B | $1B |
| Jun 2015 | Seed | $11M |
MinIO Funding History
MinIO has raised a total of $126M across 3 funding rounds.
MinIO's first fundraising round was a $3M seed round in June 2015. The most recent completed round was a $103M Series B in January 2022.
MinIO funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series B | Intel Capital (lead); General Catalyst; SoftBank Group; Dell Technologies Capital; Nexus Venture Partners | $103M | $1B | MinIO Inc. develops high-performance, Kubernetes-native, Amazon S3-compatible object storage software for multi-cloud environments, used by over half of the Fortune 500 companies and boasting more than 760 million Docker pulls at the time of the round. The company announced its $103 million Series B funding round on January 26, 2022, led by Intel Capital, with participation from SoftBank Vision Fund 2, Dell Technologies Capital, General Catalyst, and Nexus Venture Partners, bringing total funding to $126 million. This round was completed at a $1 billion post-money valuation, marking MinIO as a unicorn and providing capital to accelerate multi-cloud storage adoption, expand its developer-centric go-to-market strategy, and invest in engineering, particularly in India where it has a subsidiary and growing customer base across Asia and the Middle East. MinIO reported over 201% year-over-year ARR growth in the prior year, highlighting strong developer-driven momentum, with more than 1.2 million active deployments across public clouds like Google Kubernetes Engine, AWS EKS, and Azure AKS, as well as private clouds and edge environments including Red Hat OpenShift and VMware Tanzu. The funding underscores investor confidence in MinIO's leadership in object storage for AI/ML, advanced analytics, databases, and modern applications, as noted by SoftBank's Vikas Parekh. CEO AB Periasamy emphasized the round's role in building a sustainable business, with Intel's Pat Gelsinger personally involved in presenting the term sheet for strategic alignment. Founded in 2014, MinIO positioned itself as the fastest-growing cloud object storage provider, consistently ranked as a leader by industry analysts. The company claimed profitability prior to the round, raising funds partly for optics to assure customers of long-term viability amid concerns over acquisition risks. Post-round developments included surpassing one billion cumulative Docker downloads and doubling revenue, though specific figures for revenue, ARR, or EBITDA near the January 2022 date were not disclosed in announcements. |
| Sep 2017 | Series A | Dell Technologies Capital (lead); General Catalyst (lead); Nexus Venture Partners (lead); AME Cloud Ventures; Steven Singh; Moiz Kohari; Intel Capital | $20M | - | MinIO, founded in 2014 by AB Periasamy, Garima Kapoor, and others, develops high-performance, open-source object storage software compatible with the AWS S3 API, targeting multi-cloud, private cloud, and edge deployments for workloads like AI, ML, analytics, and databases. The company raised a $20 million Series A round on September 19, 2017, led by Dell Technologies Capital, General Catalyst Partners, and Nexus Venture Partners, with participation from Intel Capital, AME Cloud Ventures, and Steve Singh. This followed a $3.3 million seed round earlier that year, bringing total funding to over $23 million at that point, aimed at commercializing the platform and acquiring paying customers after proving the concept with initial users. The Series A funding supported expansion of MinIO's engineering footprint, including a subsidiary in Bangalore, India, to serve growing demand in Asia, the Middle East, and beyond. Investors highlighted MinIO's leadership in neutral, high-performance object storage as a foundational element for modern software stacks, especially with Kubernetes adoption making it primary storage for private clouds and edge environments. MinIO later raised additional capital, including a $103 million round from Intel Capital, SoftBank, and others at a $1 billion valuation, bringing total funding to $126 million. The company reported strong growth post-2017, with 201% ARR increase and over 208% customer growth in 2021, 1.2 million active deployments, and recent 149% ARR growth over two years ending 2025 driven by AI data storage demand, including exabyte-scale customers and over half of the Fortune 500. |
| Jun 2015 | Seed | Garima Kapoor (lead); General Catalyst (lead); Nexus Venture Partners (lead); Ben Golub; Index Ventures; Mark Leslie; Jeff Rothschild; AME Cloud Ventures; Brian Stevens; Marten Mickos; Andrew Feldman; Lanham Napier | $3M | $11M | MinIO, an open-source cloud object storage startup founded by Gluster veterans including Anand Babu Periasamy, raised $3.3 million in a Series Seed round on June 17, 2015. The post-money valuation was $11 million. Investors included lead backers Garima Kapoor, General Catalyst, and Nexus Venture Partners, along with AME Cloud Ventures, Index Ventures, and angels such as Andrew Feldman, Ben Golub, Brian Stevens, Jeff Rothschild, Lanham Napier, Mark Leslie, and Marten Mickos. The funding supported development of MinIO's open-source components, including Minio Server, Minio Client, and Minio Libraries, aimed at providing software-defined, Amazon S3-compatible object storage for developers. The company targeted simplicity and scalability in cloud storage, putting object storage management directly in developers' hands. |
Who has invested in MinIO?
17 investors have backed MinIO across its funding rounds, including General Catalyst, Nexus Venture Partners, Intel Capital, AME Cloud Ventures, Dell Technologies Capital and Index Ventures.
Lead investors include Intel Capital, Dell Technologies Capital, General Catalyst, Nexus Venture Partners and Garima Kapoor.
MinIO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2015 | ||
| 3 | Lead | Jun 2015 | ||
| 2 | Participant | Jun 2015 | ||
| 2 | Lead | Sep 2017 | ||
| 2 | Lead | Sep 2017 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Participant | Jun 2015 | ||
| 1 | Lead | Jun 2015 | ||
This data is available for Pro users. Sign up to see all 17 MinIO investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialMinIO Competitors
MinIO competitors include listed companies like Oracle Corp Japan and Rackspace, and private ones like Imply, XSKY Data Technology, Dt Dream and WEKA.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.1B | - | ||
| Private | - | - | $675M | - | ||
| Private | - | - | $1.5B | - | ||
| Private | $100M | - | $1.6B | 16.0x | ||
| Publicly listed | $1.8B | $589M | $7.7B | 3.9x | ||
| Publicly listed | $2.7B | $244M | $997M | 1.6x |
MinIO Public Comps
MinIO is still privately-owned, but its public comps include Rackspace, cyber_Folks, Systena, SAKURA Internet, Net263, Montnets, Wiit, Backblaze, e-Hualu and Odine.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $227M | $54M | 4.8x | 4.1x | 19.9x | 14.1x | |||
| $119M | ($29M) | 7.4x | - | (30.1x) | - | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $193M | $51M | 6.0x | 6.0x | 22.7x | 14.3x | |||
| $146M | $4M | 6.1x | 5.4x | 225.6x | 20.4x | |||
This data is available for Pro users. Sign up to see all MinIO competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MinIO
| When was MinIO founded? | MinIO was founded in 2014. |
| Where is MinIO headquartered? | MinIO is headquartered in San Francisco, CA, United States. |
| Is MinIO publicly listed? | No, MinIO is a private, VC-backed company. |
| What is MinIO's valuation? | MinIO was last valued at $1B in its Series B in January 2022. |
| How much funding has MinIO raised? | MinIO has raised $126M across 3 funding rounds. |
| What was MinIO's last funding round? | MinIO's last funding round was a $103M Series B in January 2022, led by Intel Capital. |
| Who are MinIO's investors? | MinIO's investors include General Catalyst, Nexus Venture Partners, AME Cloud Ventures, Dell Technologies Capital, Intel Capital, Ben Golub, Index Ventures, Mark Leslie, SoftBank Group, Jeff Rothschild and 7 others. |
| Which companies are comparable to MinIO? | Companies comparable to MinIO include Imply, XSKY Data Technology, Dt Dream, WEKA, Oracle Corp Japan and Rackspace. |
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