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$17.5M raised for Enterprise Open-Source technology

To expand its open source technology for the enterprise, NodeSource has raised $17.5 million in venture capital.
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NodeSource recently announced successful raising of $17.5 million in venture capital. The Series B funding was led by Silicon Valley Bank, Industry Ventures and existing backers Crosslink Capital and RRE Ventures. The fund raising will help the company to expand its Node.js open-source technology for the enterprise.

NodeSource provides Node.js open-source technology for the enterprise, with N|Solid as its flagship product. The company shared that it will use the funds to expand its engineering, support and go-to-market teams.

“The market potential is significant, and this Series B investment from our partners at Crosslink Capital, Industry Ventures, Silicon Valley Bank and RRE Ventures further validates the strategy behind N|Solid and NodeSource Certified Modules, which is all about empowering organizations to successfully adopt, operationalize and scale Node.js to drive digital transformation initiatives,” explained NodeSource Founder and CEO Joe McCann.   Read more…

 

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