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Sam Dean

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May-2009 (3)
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Open Source Networker Vyatta Raises $11 Million, Led By Citrix

We've written about Vyatta, which is focused on open source networking, several times. The company has delivered an open source network operating system, routers based on open source software that outperform Cisco routers for a fraction of the cost, and more. Today, the company has announced that it has raised $10 million in Series C funding, led by Citrix. The funding round also includes existing investors Comcast Interactive Capital, Panorama Capital, and ArrowPath Venture Partners. (Vyatta raised $11 million in funding last April.) The company plans to move ahead with cloud computing and virtualization initiatives.


OpenX Gets $10.4 Million in Funding, Squares Off With Google

OpenX Technologies, an open source advertising community that helps online publishers make money, has just announced a $10.4 million third round of venture funding, bringing total investment in the company to nearly $31 million since mid-2007. The company's technology lets publishers manage a mix of ads from multiple networks across a web site, and competes directly with Google's Ad Manager. Palo Alto-based firm DAG Ventures led the round of financing, and GigaOm has more on OpenX's plans here.?


Free Webinar to Focus on Venture Funding for Open Source

The 451 Group is well-known for its close tracking of venture capital deployments focused on commercial open source companies. On Thursday, May 14th--this week--researchers at The 451 Group are hosting a free webinar from 12:00pm EDT to 1:00pm EDT, focused on the history of venture funding in open source firms between 1997 and 2008. The analysis will focus on trends spanning more than 370 funding deals.


Arnold Schwarzenegger's Open Source Textbook Plan Could Use Funding

At OStatic, we've written on several occasions about how schools could benefit from adopting open source software solutions--an effort already going on in many parts of the world. We've also reported on the multi-billion dollar U.S. market for textbooks, and the huge cost savings that could be reaped by educational institutions if they pursue open source textbooks. Now, as Ars Technica reports, California governor Arnold Schwarzenegger has launched an inititative to compile open source textbooks for the state, which is experiencing a budget crisis. The initiative faces an uphill battle, but shows a lot of promise, especially if it gets funding.


Record Numbers for Open Source Venture Capital Funding

The 451 Group is out with a new report on venture capital funding for open source, and the news is rosy. The first quarter of this year brought more venture capital funding for open source than ever before, totaling $203.75 million, up from $100.4 million in the same quarter for 2007. The beneficiaries included well-known players such as Automattic and SugarCRM. There was more than a double for year-over-year fudning growth, although the news immediately follows a plunge in VC funding for open source that arrived in the fourth quarter of last year. The report also includes some good analysis of how VC funds are flowing to the open source community.