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Linux specialist MontaVista raises new funds

Stephen Shankland | April 27, 2004 5:00 PM PDT

Summary

Siemens Venture Capital leads a round that delivers $7 million to the company that makes Linux for embedded computing devices.

Topics

Stephen Shankland, Software
Linux specialist MontaVista raises new funds

MontaVista Software, which specializes in a version of Linux for embedded computing devices such as video recorders or network equipment, has raised $7 million. Siemens Venture Capital led the investment round, with China Development Industrial Bank, Samsung Ventures America and Infineon Ventures participating.

The company has raised more than $72 million to date, including $28 million in 2002. MontaVista competes with Microsoft, a host of embedded Linux specialists and Wind River--an embedded computing powerhouse that has embraced Linux through a partnership with Red Hat.

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