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WideOpenNews: Linuxcare Raises $32.5 Million

Dec 15, 1999, 07:38 (1 Talkback[s])
(Other stories by Anne Speedie)

"San Francisco-based Linuxcare announced Tuesday it has raised $32.5 million in its second round of funding. International investment firm Patricof & Co. Ventures led the whopping investment, rounded out by Kleiner, Perkins, Caulfield & Byers, Dell Computer, Sun Microsystems, Oracle, and Motorola."

"When the Linux support and services company was founded just 16 months ago, no one could have predicted the sudden groundswell of interest in the open source operating system. In fact, when Linuxcare starting canvassing for the second round, "all we wanted to do was raise $25 million; instead, we had about $300 million offered to us," says president and CEO Fernand Sarrat. And with offers like that, he says, "it's kind of hard to say no."

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