MontaVista Software Secures $28 Million in Financing From Industry Leaders

1/22/2002 - MontaVista Software, Inc., the company powering the embedded revolution, today announced it has secured approximately $28 million in its third round of funding. New investors include IBM and Sony Corporation. Previous investors US Venture Partners, Alloy Ventures, Intel Capital, RRE Ventures and WR Hambrecht & Co., also contributed to this funding round. The total investment in MontaVista Software, since it was formed in 1999, is now more than $60 million.

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