OStatic

Despite the dire economic times, funding continues to flow toward open source. Appcelerator, which has an open platform for building web, desktop and mobile applications, has announced that it has received $4.1 million in Series A venture funding. Storm Venture managing partner Ryan Floyd will join Appcelerator's board of directors along with Larry Augustin, a noted angel investor. Meanwhile, open source Business Intelligence software maker Jaspersoft is being backed by late-stage growth fund Adams Street and Red Hat, among others, according to an Internetnews report.