Vyatta lands $10.3M for open-source networking
Vyatta, maker of open-source network software, has raised nearly all of its planned $10.3 million round of equity. It adds this amount to the $11 million in second-round funding it brought in two years ago from ArrowPath Venture Capital, Comcast Intractive Capital, Fuse Capital and J.P. Morgan Partners, reports VentureWire.
Based in Belmost, Calif., Vyatta positioned itself as a rival for Cisco Systems when it first launched in 2006. In fact, its web site’s tagline is still “The Open-Source Alternative to Cisco.” In addition to software, it also provides routers, switches, firewall devices and VPN boxes. Just today, ComputerWorld’s John Edwards posted an article about how Vyatta’s routers has allowed enterprises to significantly cut networking costs. Open-source alternatives have already succeeded in eroding Sun Microsystems’ presence in the space.
Next Story: Yardbarker scores $634K to connect pro athletes with fans
Previous Story: iPhone 3.0 software update contains surprises, like computer tethering
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.