GroundWork lays claim to $5M for IT operations management software
GroundWork Open Source, a provider of open source systems and network management software, announced today that it raised $5 million in a fourth round of venture funding. The San Francisco-based company plans to use the money for further product development.
The round was led by Canaan Partners, and included existing backers Mayfield Fund, Jafco Ventures and SAP Ventures. It last raised financing in February 2007, bringing in $12.5 million.
Next Story: Solar ink maker Innovalight shines with $15M
Previous Story: Twitter-like services find traction in the enterprise
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.