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Displaying posts with tag: Mayfield (reset)
451 CAOS Links 2010.05.18

Alfresco launches Activiti project. Funding for NorthScale and Zend. And more.

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“Tracking the open source news wires, so you don’t have to.”

# Alfresco launched the Apache-licensed Activiti BPM project, led by Tom Baeyens and Joram Barrez.

# NorthScale announced $10m in series B funding, led by the Mayfield Fund, and a new CEO.

# Zend Technologies raised $9m led by Greylock Partners with participation its existing investors.

# Stephen Walli joined the CodePlex Foundation as its technical director. …

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Why $20 million for Kickfire?

As Matt Asay recently mentioned in his post about Kickfire, the company just closed a Series B for $20 million. In today’s credit-scarce market where VC funding is flat/declining, $20 million is a lot of money, especially for a company whose product is still in beta. What’s more, there seems to be an investment bubble in the broader data warehousing space in which Kickfire participates (at last count, there were over two dozen vendors, the majority of which are relatively new entrants) and that bubble looks like it is starting to burst as witnessed by Microsoft’s recent acquisition of DATAllegro. So, are the Kickfire investors misguided or is there something more here …

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