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AllLinuxDevices: REDSonic, Inc. Announces The Closing of Its First Round of Funding At $4 Million

Nov 02, 2000, 16:10 (0 Talkback[s])

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"REDSonic,Inc.is pleased to announce the close of its first round of funding at 4 million dollars. Technology companies, financial institutions and venture capitalists from the United States, Singapore and Taiwan have shown their support in REDSonic's mission to provide cutting edge technology, critical software components and total system solutions for the next generation Internet based embedded and real-time appliances."

"The confidence of the investors in REDSonic Inc.'s technology, its management team, products and vision was proven by the fact that the funding was over-subscribed by $0.7 million. It is also very clear from our investors' overwhelming response that, real-time Linux is emerging as the most popular platform amongst developers of Internet appliances and other embedded systems."

"...REDICE-Linux, REDSonic's premier offering Linux is different from other real-time Linux implementations in that it allows RTAI and RED-Linux to run concurrently. This enables real-time jobs requiring extremely low latency (less than 50 microseconds) and hard real-time user applications the ability to run side by side, all under the same job priority structure."

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