Another VC for BSDi

BSD Today carried this press release, announcing that BSDi has accepted a 4 million dollar investment from another japanese venture capital investment firm, GLQ Intrepia, led by a strategic partner Plat'Home, a japanese Open Source hardware vendor. I know this news is a few days old, but its interesting. Most of BSDi's recent big investments have come from Japan, where it is said BSD is almost as big as Linux is here.

$9 million in about three months

[bugg]

Wow, congratulations. I'm just wondering how a company can expand that quickly- I imagine that a good portion would be spent on advertising, and then some more spent for investments/acquisitions, and probably some left liquid.

It will be interesting to see how this newfound capital will affect an already established company such as BSDi (note: I'm aware that BSDi is a young company, but it's really just an expanded BSDI: which is an established company)

Open Source hardware vendors?

[spectatorion]

What makes you say Plat'Home is an "Open Source hardware vendor?" (what is an "open source hardware vendor," anyway?) As far as I can tell (judging from their website), they are a cryptography company using a strange security-through-obscurity algorightm that maps nearly every letter, number, etc. to this strange box character. Looks very hard to crack...wonder if anyone has made any progres...

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Re:$9 million in about three months

[driehuis]

Yup. Great things are afoot :-)

The challenge of course is spending the money -- wisely. BSDi has a fairly small core of Really Good engineers, and they are obviously going to hire. That of course is a challenge in the current, still overheated, market.