GroundWork lays claim to $5M for IT operations management software
GroundWork Open Source, a provider of open source systems and network management software, announced today that it raised $5 million in a fourth round of venture funding. The San Francisco-based company plans to use the money for further product development.
The round was led by Canaan Partners, and included existing backers Mayfield Fund, Jafco Ventures and SAP Ventures. It last raised financing in February 2007, bringing in $12.5 million.
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About the Author, Camille Ricketts
Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.
