SpringSource goes for 15M more
Posted by billburke on July 9, 2008
Seems Rod isn’t immune to the typical startup hunger for cash. They raised another $15 million today. To put things into perspective, Jboss raised $10 million in 2004. When we got acquired in 2006 we had only burned through 5-6 million and that was after the Arjuna acquisition, building a new 2 floor office, and adding 150 people to the payroll. I’ve been at startups that burned through 10 million in 6 months then went out of business. I hope this is good news rather than bad news for the SS. Even though I do trash them every once in awhile, every professional open source success is good for the industry and inches the industry closer to an open source model.
Trustin Lee said
I thought it was categorized as spam by a blog service provider when I first saw the red ‘spam’ word.
James said
Nice to see you and SS connecting on at least some level. Without both of your clans java would be a wasteleand of unending complexity.
James
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