MontaVista Secures $23 Million in Equity Investments for Linux Embedded Market

MontaVista Software Inc., a developer of the Hard HatTM Linux operating system for embedded computers, has received over $23 million in equity investments from investors including WR Hambrecht + Co., RRE Ventures, US Venture Partners and Alloy Ventures.

The funds will be used to accelerate the adoption of Linux in the embedded market through investment in Linux technologies, expanded product offerings and sales and marketing efforts. MontaVista offers a 100% pure Linux, open source and royalty free distribution targeting embedded applications. The company's principal offering is the Linux operating system tailored for embedded software applications. MontaVista products include Hard HatTM Linux, a standard off-the-shelf binary distribution of Linux for x86, PowerPC, StrongARM, MIPS and other microprocessor architectures. The press release highlights the competitive advantage of MontaVista's 100% open source approach and the robust technical expertise of its team. WR Hambrecht + Co., RRE Ventures, US Venture Partners and Alloy Ventures are all experienced investors in the technology industry.