Intel To Lead $100M Investment in OpenStack Cloud Company

Sourced through Scoop.it from: www.toptechnews.com

First rolled out in 2010, OpenStack cloud software is built by a team of open source contributors under the guidance of the OpenStack Foundation. In just five years, it has become the fifth most popular cloud platform among global companies, according to market research firm Forrester Research Inc. The latest investment aims to help spur adoption by making it easier to deploy and integrate the technology into data Relevant Products/Services centers.  –  Intel, Goldman Sachs, August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures (formerly SAP Ventures) and WestSummit Capital invested in the latest round. Intel is doing more than offering cash, though. The company is collaborating with Mirantis on the technical side of the table as it works to create tens of thousands of new clouds as part of its Clouds for All initiative.  Intel’s technological insights will work to add more capabilities for enterprise deployments. Specifically, Mirantis and Intel will work to address issues like performance at scale, storage Relevant Products/Services, network integration and support for big data.  Alex Freedland, co-founder and president of Mirantis, is more than a little bullish on the prospects of its OpenStack distribution in the wake of these endorsements. With Intel as its partner, he said he is convinced Mirantis will “show the world” that open design, open development and open licensing is the future of cloud infrastructure software.

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