Zend nets $20 million in funding
Summary
Start-up commercializing open-source PHP will use funds to expand and to speed software development.
Topics
Zend, which commercializes the widely used open-source PHP software that lets computers create customized Web pages, has received a $20 million boost through a fourth round of funding. Graylock Partners led the round, with contributions from earlier investors such as Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures and Walden Israel Venture Capital, the company plans to announce Monday.
Zend will use the funding to expand internationally and to speed product development, co-founders Andi Gutmans and Zeev Suraski said in a statement. In addition, Greylock partner Moshe Mor has joined the board, the company said.
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