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.
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.