Open source integrator Spikesource gets $4M more, led by NEC
We mentioned that SpikeSource, a Redwood City start-up that helps companies integrate their open source applications, had raised $21 million in a second round of funding. Now, it has raised $4 million more, and at least part of that comes from NEC.
NEC is a large Japanese company that makes server and desktop computing systems, and the deal includes a relationship whereby NEC distributes software that has been tested and updated by SpikeSource.
VC Mobius doled out capital “as if there was no tomorrow.”
We’ve mentioned the demise of the well-known Silicon Valley venture firm Mobius Venture Capital before.
The WSJ’s Rebecca Buckman follows up on the story (sub req), and explains how things turned sour after the Internet bubble burst, and how leaders such as Gary Rieschel and Charles Lax, moved on. Lax left in 1999 to form Grand Banks Capital, and Rieschel left a couple of years ago to launch a fund in China.
The firm invested in companies… Continue Reading