451 CAOS Theory 
A blog for the enterprise open source community
Hyperic raises funding, part 2
Raven Zachary, June 27, 2006 @ 11:58 pm ETIn mid-May, Hyperic announced that it has raised $2.5 million U.S. as part of its Series A funding round from Accel Partners. Less than a month later, the company announced that it would be pursuing an open source business model, releasing its Hyperic HQ monitoring product under an open source license. Hyperic was initially projecting a total of $3.2 million U.S. funding for the first round. Today, Hyperic announced that it has closed the first round with an additional investment from Benchmark Capital, bringing the total to $3.8 million U.S. Although board seats were not specifically mentioned in this release, I assume this means that Peter Fenton, General Partner from Benchmark Capital, will be joining the Hyperic board of directors.
Categories: Funding, Software
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