Palo Alto- and Bengaluru-based cloud storage start-up Minio Inc. on Tuesday said it has raised $20 million in a funding round led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners.
Intel Capital, AME Cloud and California-based entrepreneur Steve Singh participated in the series A round. This follows the $3.3 million seed funding the firm raised from Nexus and General Catalyst in June 2015.
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. The funding will be allocated to accelerating product development, the company said in a statement.
Globally, nearly all websites and internet-based applications are stored on cloud servers maintained by Amazon, Microsoft and Google, and companies’ own on-premise servers. Minio addresses the need for a cloud storage solution that is compatible with other such services, where firms can choose to store their data on multiple platforms.
In its announcement, the company said funding will be used to accelerate product development, and company growth.