Wasabi Systems Closes Series A Round With Additional $2.0 Million in Funding

4/8/2002 - Wasabi Systems, the leading provider of the NetBSD operating system for embedded computing, announced today that it has secured an additional $2.0 million in its Series A round of financing. Praxis Capital Ventures and Himalaya Capital have each committed money to the round, bringing the total Series A investment to date to $4.0 million. Newlight Associates, the initial Series A investor, led the round. Li Lu of Himalaya and Peter Venetis of Praxis will join Newlight's Robert Raucci on Wasabi's Board of Directors.

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