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LinuxPR: Collab.net Received Funding from Benchmark

Aug 23, 1999, 18:55 (0 Talkback[s])

"Collab.net, Inc. has received initial funding from Benchmark Capital. Founded in May 1999 by President and CTO Brian Behlendorf, co-founder of the Apache Software Foundation, and O'Reilly & Associates, Collab.net provides scalable services and infrastructure for the development of Open Source software."

"Collab.net's first project, sourceXchange, is a dynamic marketplace for the funding of Open Source software projects (http://www.sourceXchange.com). In its first week of operation, sourceXchange has posted seven RFPs (Requests for Proposals) from founding sponsor Hewlett-Packard and signed up over 2000 Open Source developers. Other Collab.net services under development will be announced in Fall '99."

"'We're believers in the business opportunities created by Open Source,' said Kevin Harvey, general partner, Benchmark. 'Like Red Hat, another Benchmark investment, Collab.net's business model adds real value to the Open Source development process. The deep understanding of Open Source's potential brought by Brian Behlendorf and O'Reilly & Associates sets Collab.net apart from other ventures, and puts them at the forefront of the next big Internet wave--eServices.'"

Press Release