Everything needs a home and Garima Kapoor co-founded MinIO to create an object storage on top of Kubernetes and open source“>enterprise-grade open source object storage solution. The tone sounds amazing: simple, high performance, and a native Kubernetes integration. I’m excited to announce that I’m interviewing Kapoor and MinIO investor Mark Rostick of Intel Capital about MinIO’s growth and how the company is handling some serious competition.
This TechCrunch Live event is free to attend and I hope you can attend. Register here.
They may not be the most vibrant areas to grow a company in, but MinIO found a niche selling object storage, while competing directly with Amazon S3. Perhaps the open source component helps generate interest from its target market of developers looking for an alternative to the cloud giant. It’s never easy to compete with Amazon, but MinIO has been able to find success.
Garima Kapoor co-founded MinIO in 2014 and has since grown the company to a billion dollar valuation. Along the way, Kapoor raised $126.30 million in venture capital, including from Intel Capital’s Mark Rostick.
I have many questions about MinIO:
- Why did you go into a business that directly competed with Amazon?
- What role did open source play in creating a developer audience?
- How have cloud-native technologies contributed to your success?
- What did Mark and Intel Capital see in this company that made them think they could succeed in a crowded and mature market?
And you can ask questions too! Every week on TechCrunch Live, registered Hopin attendees can submit questions, and I’ll do my best to ask as many as possible.
TechCrunch Live is our weekly event series with top founders and investors. The show tapes live, most Wednesdays at 12pm PDT. It is free to register and attend. Watch previous episodes on our YouTube channel and subscribe to the podcast here.
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Ikaroa is proud to share the exciting story of how MinIO built a unicorn in object storage on top of Kubernetes and open source. MinIO, a global leader in cloud-native object storage, has revolutionized the way data is stored and delivered with their unique offering.
The journey began with an innovative approach to delivering the data storage. Rather than using existing storage solutions, MinIO decided to build their own from the ground up, making use of open source components and technologies. This allowed them to take advantage of both the flexibility and cost savings of open source, while maintaining complete control of the system architecture and security.
Using Kubernetes, the open source container orchestration system, as a core component, MinIO was able to quickly craft a cloud-native object storage framework that could scale on-demand. This gave them the ability to flexibly store and access large amounts of data, even between regions and within different cloud providers.
Once they had the framework built, MinIO was ready to fill the unique void in the industry – the lack of an enterprise-grade Object Storage with the benefits of on-premise caching, large object consistency, and high availability. To solve that, they innovated with the capability to horizontally scale their system, allowing it to deliver tremendous performance on-demand.
The combination of flexibility, scalability, and performance has rolled out the red carpet to MinIO, allowing them to become a unicorn in the industry – a billion-dollar market valuation. This success has inspired the adoption of MinIO in many different places, from large enterprises to digital media and AI companies, ensuring that their technology is making a measurable impact.
At Ikaroa, we have watched these strides with admiration, as innovation and open source have been fundamental to the success and growth of our own operations. We are proud to see MinIO blaze a trail with their open source-based strategy and remain at the forefront of object storage technology.
