News Release from: Jaluna
Edited by the Electronicstalk Editorial Team on 20 September 2004
Funding to enable international expansion
Jaluna has closed a $12 million Series A funding round led by Atlas Venture and Index Ventures with participation from Cisco Systems.
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Jaluna has closed a $12 million Series A funding round led by Atlas Venture and Index Ventures with participation from Cisco Systems. Alexander Bruehl, Senior Partner of Atlas Venture, and Giuseppe Zocco, General Partner at Index Ventures have joined the company's Board of Directors. The funding will be used to finance the international expansion of the company.
The company was founded in mid 2002 by the Sun Microsystems Chorus team members, who have a wealth of experience in developing, marketing and deploying innovative real-time and high availability operating system solutions.
In response to the increasing demand for Linux in embedded systems, Jaluna solutions save development costs and reduce time-to-market for equipment manufacturers that need to re-use their existing applications with Linux.
In addition, Jaluna logical partitioning and virtualisation technology provides OEMs, ODMs and integrators with the ability to mix and match operating systems all this without introducing additional boards or dedicated processors.
This reduces complexity and shortens the bill of materials for their products thus providing a definitive competitive advantage.
According to Venture Development Corp, an independent market research firm specialising in embedded and real-time technologies, the market for embedded software will reach over $2.5 billion (15% annual growth) by 2007.
By 2007, VDC also estimate the market for embedded operating systems will reach over $1 billion with Linux expected to capture 30% of this market in the coming years.
"Jaluna has assembled an unparalleled engineering and management team with a proven track record of bringing leading system software products to market", said Alexander Bruehl, Senior Partner of Atlas Venture.
"The company has already demonstrated platform virtualisation solutions that are attracting strong customer interest for network infrastructure products, wireless devices, IP-set-top boxes and other customer premises equipment".
"Jaluna brings the benefits of virtualisation to the embedded systems market", said Giuseppe Zocco, General Partner at Index Ventures.
"Supporting multiple operating environments on the same hardware platform will allow OEMs to introduce new products faster, more cost effectively and with increased security".
Jaluna Chief Executive Officer Michel Gien added: "We are very fortunate to have the support of such an experienced syndicate of investors".
"The company has had great success with several early adopters and is now gearing up to service and support the industry in its migration to Linux".
"The Series A investment will enable us to develop our marketing and sales capabilities worldwide and thus reach more customers, enabling them to deliver products to market ahead of their competition".
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