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Horizon Technology Finance Provides $35MM Venture Loan Facility to Mirantis

October 11, 2023, 07:32 AM
Filed Under: Technology

Horizon Technology Finance, an affiliate of Monroe Capital, announced that on September 15, 2023 it provided a $35 million venture loan facility to Mirantis, Inc. ("Mirantis"), of which $20 million has been initially funded.

Mirantis frees developers to create their most valuable code, building and managing open cloud software infrastructure, enabling enterprises across a wide range of industries to ship code more rapidly, notably improving the productivity and efficiency of developers. 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 serves more than 700 enterprise customers and supports 400,000 container nodes in production. Lens, Mirantis' Kubernetes development platform, supports more than 50,000 companies and 1 million users. 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.

"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 of 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."

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