Venture capitalist Kleiner, Perkins, Caufield & Byers is reported to be sitting on some $100m collected from technology companies that’s being earmarked for investment in Java development shops. JavaWorld magazine believes ten companies have contributed to the fund, including Sun Microsystems Inc, IBM Corp, Netscape Communications Corp, Oracle Corp,Tele-Communications Inc and Cisco Systems Inc. And […]
Venture capitalist Kleiner, Perkins, Caufield & Byers is reported to be sitting on some $100m collected from technology companies that’s being earmarked for investment in Java development shops. JavaWorld magazine believes ten companies have contributed to the fund, including Sun Microsystems Inc, IBM Corp, Netscape Communications Corp, Oracle Corp,Tele-Communications Inc and Cisco Systems Inc. And according to the story, the first to benefit from the fund are Marimba Inc and Active Software Inc. Mountain View, California-based Active Software Inc is the company behind SunSoft Inc’s Java graphical user interface builder (CI No 2,887). It was known back in April that Kleiner et al were one of three investors in Active, but it’s not clear whether that money is counted in this $100m or not. The VC company was not returning calls yesterday, and has even disabled its web page for now. Java luminary Kim Polese’s Marimba was equally reticent. The Mountain View, California start-up was still sorting out its financing last month, but it’s not clear whether this money brings that issue to a close for the moment.
