Horizon Technology Finance Corporation, a specialty finance company that creatively provides structured debt products to life science and technology companies, has provided a $35 million venture loan facility to Mirantis, of which $20 million has been initially funded.
“Mirantis eliminates the need for companies to devote vast resources to creating and managing their tech infrastructure,” said Gerald A. Michaud, president of Horizon. “Through its cloud infrastructure, Mirantis has developed a loyal base of Fortune 100 clients that are optimizing their IT efficiency and creating additional value for their customers. We are pleased to support Mirantis’ ongoing expansion.”
“Horizon’s support is a catalyst to help us pursue our growth strategy and accelerate our ability to empower enterprises to easily control and enhance their tech infrastructures,” said Adrian Ionel, chief executive officer, Mirantis. “Mirantis is transforming how companies manage their IT infrastructure while greatly improving their efficiency and overall software development process, which ultimately increases their productivity and creativity.”
Through its use of open-source technologies, Mirantis leverages technology to allow organizations to automate, build, test, release and run modern software applications in the cloud. Mirantis is backed by top-tier investors including Intel Capital and Insight Partners. The company will use the loan proceeds for general growth and working capital.
Today, Mirantis serves more than 700 enterprise customers and supports 400,000 container nodes in production.