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PRNewswire: VA Linux Systems Secures $25 Million in Equity Funding

Jun 22, 1999, 02:26 (0 Talkback[s])


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"Second Round of Financing Fuels Rapid Growth of Promising Linux Start-Up."

"VA Linux Systems... has completed a $25 million round of private equity funding in a second round of financing. Companies participating in this round of financing include the Capital Research Group, W.R. Hambrecht + Co., Intel Corporation, IDG Ventures, Lehman Brothers, Sequoia Capital, SGI, Sumitomo Corporation and Presidio Venture Partners.

"Since its inception, VA has been leading the growing migration of computer users from Windows NT, NetWare and Unix operating systems to Linux, the award- winning open source operating system, by providing complete, pre-installed Linux computer systems and nationwide service and support. Last month, VA introduced, a portal for consumers, business users and programmers interested in Linux."

Complete story.