Linux OS software co., MontaVista, raises $21M
MontaVista Software, the Santa Clara supplier of embedded Linux operating systems and
development tools, said it has raised $21 million in funding led by Siemens
Venture Capital. Also participating were NEC, Alloy Ventures, US Venture Partners,
Aplix and others, the company said.
Venture Development Corporation (VDC) estimates that worldwide shipments of
embedded/real-time and mobile application operating systems, bundled tools, and related
services totaled over $1 billion in 2005, and by 2008 will reach $2 billion, the company said.
Siemens is a customer of MontaVista’s.
Next Story: Big shakeup at Yahoo, Decker being groomed for CEO?
Previous Story: Monetizing social networks
