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LinuxPR: MontaVista Takes Off With $9 Million Round of Funding

“Investors Validate Open-Source, Royalty-Free Hard Hat
Linux.”

“MontaVista Software Inc., developer of the Hard Hat(TM)
Linux(R) operating system for embedded applications, today
announces the completion of the company’s first round of funding,
securing $9 million from leading venture investment firms US
Venture Partners (Menlo Park, Calif.) and Alloy Ventures (Palo
Alto, Calif.). MontaVista, with its unique combination of embedded
industry expertise and open source credentials, will use the
substantial venture backing to continue the momentum begun with the
company’s inception one year ago by embedded industry pioneer Jim
Ready.”

“‘Hard Hat Linux from MontaVista brings the flexibility and
strengths of Linux to the world of embedded systems,’ says Stuart
Phillips, General Partner, US Venture Partners. ‘Hard Hat Linux is
the way to decrease time to market for anyone building embedded
systems — especially products aimed at the communications
infrastructure.'”

Press
Release