Vyatta lands $10.3M for open-source networking
Vyatta, maker of open-source network software, has raised nearly all of its planned $10.3 million round of equity. It adds this amount to the $11 million in second-round funding it brought in two years ago from ArrowPath Venture Capital, Comcast Intractive Capital, Fuse Capital and J.P. Morgan Partners, reports VentureWire.
Based in Belmost, Calif., Vyatta positioned itself as a rival for Cisco Systems when it first launched in 2006. In fact, its web site’s tagline is… Continue Reading
Velocity starts fund with Best Buy, gets new name
Velocity Interactive Group has already invested in a wide range of digital media companies, and it’s going to be doing more of that with the help of retailer Best Buy. The two are starting a fund together, targeting the same mobile, gaming, video, and other media-related startups as Velocity has been. Best Buy is going to be using its brick-and-mortar clout to help with the investment.
Separately, Velocity is changing its name to Fuse Capital due… Continue Reading