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LinuxWorld: Zend Raises $20 Million

Aug 29, 2006, 18:45 (0 Talkback[s])
(Other stories by Don Marti)

"PHP development and support company Zend Technologies Inc. announced today that it has raised $20 million in series D venture capital funding. Andi Gutmans, Zend's chief technology officer and a co-founder of the company, said in an interview Friday that top priorities for the new investment are Eclipse integration, the Zend Framework for web applications, and the company's services organization and European sales force.

"Greylock Partners, a new Zend investor, led the funding round, and current investors Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures and Walden Israel Venture Capital are also participating, the company announced..."

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