MontaVista Software, the Santa Clara supplier of embedded Linux operating systems and
development tools, said it has raised $21 million in funding led by Siemens
Venture Capital. Also participating were NEC, Alloy Ventures, US Venture Partners,
Aplix and others, the company said.
Venture Development Corporation (VDC) estimates that worldwide shipments of
embedded/real-time and mobile application operating systems, bundled tools, and related
services totaled over $1 billion in 2005, and by 2008 will reach $2 billion, the company said.
Siemens is a customer of MontaVista’s.
One Comment
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Interested Observer said:
This brings MV funding to $96M(?), and still not profitable. These guys can’t seem to get their act together. Looking at their product portfolio they have, and continue, to concentrate on the least economically viable part of the segment - the Linux kernel. WindRiver has surpassed them in Linux revenue. After 6+ years they just don’t have a viable exit. Too bad - three to four years ago they had a chance to be real player. Now they’re rapidly becoming one of the Living Dead. Bad management (CEO asleep at the wheel, obviously poor product portfolio bets) and bad strategy (not building ‘proprietary’ value or adding significant user value beyond the kernel).
