Open Source startups funding - Reductive Labs - $ 2 million series A funding

[Saifi Khan]

Hi all:

startups with business models based on open source software
continue to be comparatively successful in attracting funding.

Reductive Labs, a developer of tools used by IT systems
administrators, raised a $2 million Series A round of funding.

Take a look at
http://www.reuters.com/article/smallBusinessNews/idUSTRE5602P820090701

thanks
Saifi.

[sanjeeb]

> Guess recession or no recession good ideas/products always will always draw funds.
>
> Regards
>
> Sanjeeb
>