A blog for the enterprise open source community
Funding updates – Avidence, Penguin Computing, Silicon Navigator, and VyattaRaven Zachary, April 3, 2007 @ 12:09 pm ET
Two open source funding announcements yesterday (Vyatta and Silicon Navigator) reminded me that I needed to also post the March funding announcements for Avidence and Penguin Computing.
Avidence: March 19th funding announcement (press release) of $5m in Series A by Red Rock Ventures and ArrowPath Venture Partners. Avidence is an early-stage startup in the process of developing an open source platform for digital video.
Penguin Computing: March 29th funding announcement (press release) of $9m in Series B, led by vSpring Capital, with participation from existing investors San Francisco Equity Partners, Weber Capital, and Convergence Partners. Penguin Computing sells Linux hardware and software foused on clustering and high performance computing.
Silicon Navigator: April 2nd funding announcement (press release) indicating an investment from Intel Capital, although no further details were provided. I spoke with CEO George Janac by phone and he was able to tell me that Intel Capital provided a multi-million dollar investment, and that prior investments have been made by ITU Ventures, Gefinor Ventures, Cadence Design Systems, and several of the company founders. Silicon Navigator uses the OpenAccess open source database to power its Electronic Design Automation (EDA) product.
Vyatta: April 2nd funding announcement (press release) of $11m in Series B, led by Comcast Interactive Capital (CIC), with participation from existing investors JPMorgan Partners (as advised by Panorama Capital), ComVentures, and ArrowPath Venture Partners. Vyatta is an open source networking company currently providing router, firewall, and VPN capabilities. The total funding for Vyatta is now $18.5m.
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