ActiveGrid, Inc., a commercial open source company, today announced that it has closed a $10 million Series B round in financing. The round, which brings the company's total financing to over $13 million, was led by Worldview Technology Partners and included re-commitments from previous investors, Hummer Winblad Venture Partners and Allegis Capital. ActiveGrid plans to use the funds to accelerate and extend the development of its Enterprise LAMP product offering to leverage the growing popularity of the LAMP (Linux, Apache, MySQL, PHP/Python/Perl) software stack.
INFO SOURCES
ActiveGrid, Inc.
FIRMS
ActiveGrid, a commercial open source company, has created the ActiveGrid LAMP Application Server, a next-generation enterprise development and deployment platform that brings the benefits of the open source LAMP stack to the enterprise. ActiveGrid's products simplify new application and service delivery by enabling corporate developers to rapidly build and flexibly deploy applications and services across horizontally-scaled commodity computers. The ActiveGrid solution gives organizations the ability to integrate and extend existing backend systems to create rich web-enabled applications and reap the economic benefits of open source commodity computing.
BOARD/MANAGEMENT
Irwin Gross, general partner of Worldview Technology Partners, will join the company's board of directors.
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