Vyatta Back in the News: Raises $7.5M in First Round
Via The Silicon Valley/San Jose Business Journal.
Vyatta Inc., an open source network company, said Wednesday it raised $7.5 million in its first round of venture funding.More here.
Giving money in the round were J.P. Morgan Partners, Palo Alto-based ComVentures and ArrowPath Venture Partners, which has an office in Redwood City. Vyatta will spend the money on advertising and selling its products.
Vyatta offers open source products on its Web site, then charges customers for upgrades and technical assistance. In August, the company released an open source router and said it would charge customers an annual fee starting at $497 for upgrades and help.
The San Mateo company's name comes from the Sanskrit word meaning "open."
posted by Fergie @ 9/13/2006 11:38:00 AM
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