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CNET News.com: Battered Linuxcare receives new funding

Jul 31, 2000, 19:57 (1 Talkback[s])
(Other stories by Stephen Shankland)

"Linuxcare, a seller of Linux services and support trying to regain its footing after a series of management and financial setbacks, is about to close a new round of funding, sources said."

"The funding round, expected to close as soon as today, will include an investment from Charter Ventures as well as earlier investors Kleiner Perkins Caufield & Byers, Patricof & Co. Ventures and others, sources said."

"A new round of funding will be necessary to bring Linuxcare back from the brink and restore its status as one of the earliest companies to make a serious go at turning Linux's popularity into a business. But the funding is no guarantee that it will be able to stave off new and current competitors."

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