Linux Start-up Secures $10 mil in funding

Sistina Software, a start-up with software to help numerous Linux servers collectively share a single set of data, has obtained $10 million in venture funding, the company said Monday.

The Minneapolis-based company's software helps bring a high-end feature to Linux that could help database giant Oracle achieve its vision of replacing expensive machines with dozens of processors with collections of less expensive, smaller servers. It's a goal that could lift Linux into more important, demanding jobs.

The series B funding, led by Crescendo Ventures with Validus Partners participating, should be enough to carry the company to profitability, a Sistina representative said. Sistina now has raised a total of $20 million.

The company has more than 30 employees and expects to increase that to more than 50 by the end of 2003, the representative said. Customers include Deutsche Telekom and NASA.

View: Full Story

News source: C|Net

Previous Story
Mac set for Office Tune Up
Next Story
.Net patent could stifle standards effort