Deals

GroundWork Open Source, an IT management co., raises $12.5M

GroundWork Open Source, a San Francisco open source IT operations management company, has raised a $12.5 million in a third round of financing, according to VentureWire (sub required)

The round was led by new investor Jafco Ventures, and included SAP Ventures and existing backers Canaan Partners and Mayfield Fund. The company has raised a total of $24 million, VentureWire said.