Sunday, April 1, 2007

Comcast Interactive Capital Invests in Vyatta

Vyatta, a start-up developing open source routing, completed its Series B financing led by Comcast Interactive Capital (CIC). The Vyatta system is available as a software subscription with tiered service and support options, or as a pre-configured hardware appliance. Vyatta has also sponsored the Vyatta Community, a public forum for Vyatta users and developers who are interested in open-source network innovation.

In addition to leading the round, CIC has joined the Vyatta board of directors, where it will assist the company in addressing service provider market opportunities for its open-source networking solutions that include routing, firewall, and VPN functionality as well as extensibility for many other network applications.

Comcast Interactive Capital was joined in the new funding round by all of Vyatta's existing investors, including JPMorgan Partners (as advised by Panorama Capital), ComVentures, and ArrowPath Venture Partners, bringing the total venture funding in Vyatta to $18.5 million. The funds will be used for operating capital as the company scales its market penetration and product delivery.

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