SpikeSource raises $24M in Series B

A few days ago, alarm:clock made reference to SpikeSource raising $21M US in a Series B funding round. Thanks to Dave Rosenberg at InfoWorld’s Open Sources Blog for bringing this to my attention.

A representative of SpikeSource has confirmed that it has closed its Series B funding round, but the total is actually $24M US. No details on the participating investors were given, however. Normally, I would expect a press release to follow, but SpikeSource did not issue a press release for its $12M US Series A in May 2005. The company was incubated by Kleiner, Perkins, Caufield & Byers (KPCB) and the Series A funding round was co-led by KPCB and Fidelity Ventures. Also participating were Intel Capital and Omidyar Network.

Earlier this year, SpikeSource shifted from selling certified open source stacks aimed at the large enterprise market to selling ‘business-ready open source solutions’ to the small to medium enterprise market through its network of channel partners.

Update (08/19/06): The official response from SpikeSource is as follows…

SpikeSource confirms the closing of Series B Round funding for $24
million and that the following investors contributed to this round:
Kleiner Perkins Caufield and Byers, Fidelity Investments, Intel Capital,
CMEA Ventures and Duff Ackerman Goodrich. This follows the Series A
Round funding of $12 million in May 2005.

SpikeSource investments follow the growth of its solutions and channel
programs. Announcements in the coming months will provide further
details about other investors and the solutions and channel programs.


#1 Erica on 09.15.06 at 10:45 am

There was an announcement some time ago in that they had raised $15 million of a $20 million dollar second round of financing. Duff Ackerman & Goodrich joined Fidelity and KPCB as investors, according to the article.

#2 Raven Zachary on 09.25.06 at 4:40 pm

Thank you for the lead, Erica!

#3 451 CAOS Theory » Laszlo, Linux Networx, Open-Xchange, and Vyatta obtain funding on 04.01.08 at 8:18 am

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