“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.“