B2B software integrator Mirantis raises $100 million in record Series B round

Mirantis, a California-based systems integrator with teams in several countries including Russia and Ukraine, has closed a $100 million series B round with the participation of Insight Venture Partners and August Capital. They were joined by existing investors Intel Capital, WestSummit Capital, Ericsson, and Sapphire Ventures (formerly SAP Ventures).

The financing – the terms of which have not been disclosed – is one of the largest Series B investments in B2B software. The previous round of $20 million was raised in two closings: Series A1 in December 2012 and Series A2 in June 2013.

Mirantis, which defines itself as “the pure-play OpenStack company,” delivers all the software, services, training and support needed for running this open-source cloud computing software platform.

“Our mission is to move companies from an expensive, lock-in infrastructure to an open cloud that empowers developers and end-users at a fraction of the cost. Customers are seeing the value; we’ve gone from signing about $1 million in new business every month to $1 million every week,” said Mirantis President and CEO, Adrian Ionel.

The company claims to have helped more than 130 customers implement OpenStack – including Comcast, Ericsson, Expedia, NASA, NTT Docomo, PayPal, Symantec, Samsung, and others.

A number of the company’s top managers have Russian origins, including co-founder and CMO Boris Renski, VP Operations Oleg Goldman, as well as Senior Directors Ilya Elterman and Roman Alekseenkov.

Mirantis has offices in Moscow and Saratov, Russia, as well as in Kharkov and Lvov, Ukraine. Mirantis has roughly 300 people in Russia and 100 people in Ukraine, Renski told East-West Digital News.

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