Transitive Corporation Closes $11.5M Funding Round with Accel Partners, Pond Ventures and Crescendo Ventures; Names Industry Veteran Carl Everett to Board of Directors

Funding Rounds

▤ Summary

Transitive Corporation is a pioneer and leader in providing solutions that allow the transportability of software applications across multiple hardware platforms. The companys hardware virtualization technology allows software applications that have been compiled for one processor/operating system to run on another without any source code or binary changes and at speeds comparable to native ports. With over $3 billion under management, Accel Partners has a long legacy of helping entrepreneurs build highly successful companies. Accel has a history of backing category-defining companies, which include Actuate, Agile Software, AMCC, Arrowpoint, Foundry, Macromedia, Portal, Polycom/PictureTel, Uunet, Veritas, and Real Networks. Founded in 1993, Crescendo Ventures manages more than $1 billion from its headquarters in Palo Alto, California, and offices in Minneapolis and London.

$ Funding

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Amount $11.5M Total raised
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Date September 20, 2004 Announcement date
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Investors Microsoft Accelerator - Tel Aviv, Accel, Mozilla Foundation, Crescendo Ventures, Pond Venture Partners Lead investors
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Company http://www.transitive.com Funded company

▥ Classifications

industries
Media and Publishing
applications
Anti Piracy

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▦ Linked Companies

Mozilla
$250M to $500M