Intel Leading $100 Million Funding Round for Mirantis

Cloud Investing

Intel (NASDAQ:INTC) is making a play in the cloud computing space, leading a $100 million investment in cloud company Mirantis, the CBC reports. Mirantis works with open stack software.

Intel (NASDAQ:INTC) is making a play in the cloud computing space, leading a $100 million investment in cloud company Mirantis, the CBC reports. Mirantis works with open stack software.
As quoted in the publication:

The chipmaker is also partnering with Mirantis, in an effort to move into the cloud-computing space as more enterprises ditch their mainframe computers and decide to put their functions on the cloud.
OpenStack is the open source cloud operating system launched in July 2010 to provide an alternative to proprietary public cloud infrastructure vendors such as Amazon Web Services, Microsoft Azure and Google Cloud.
Mirantis is a Mountain View, California-based startup that can help Intel make sure its own chip technology dominates the OpenStack market.
Mirantis software enables about 50 computer servers to function in concert, creating one flexible machine. Intel has plans to help Mirantis raise that to 1,000 servers.

Click here for the full article.