Univa, founded by Grid computing pioneers Ian Foster, Greg Tuecke and Carl Kesselman, announced an $8 million Series A investment.
Univa delivers vendor-neutral, enterprise-hardened Grid infrastructure software for next-generation datacenters. Univa's products are based on the open sourceGlobus Toolkit.
"Univa is at the intersection of two exploding markets -- open source and Grid infrastructure software," said Patrick Ennis, managing director at ARCH, and Univa board member. "By using open source and open standards, companies are able to extract more value from existing IT investments, while ensuring long-term agility and competitiveness. As a result, enterprises are pulling Globus into the corporate datacenter to take advantage of these business benefits."
The investment will allow Univa to accelerate development of its Grid infrastructure software and grow its sales, engineering, business development and marketing operations. It will be used to attract new talent, helping Univa keep pace with market demand from independent software vendors (ISVs) and corporate customers.
Posted by Dave Rosenberg on August 22, 2005 07:59 AM
