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Press Release Ruby-on-Rails Start-up Gets $6.2m in Funding
FiveRuns, a pioneer of monitoring products for Ruby on Rails, described by some as the new Java
Nov. 2, 2007 12:45 PM
The money is earmarked for acceleration product development, sales and marketing and the company's partnership efforts. Since it kicked off a year ago August, FiveRuns has secured $9.2 million in funding. It claims a customer base of 65 organizations or so that it says are monitoring hundreds of servers, with "hundreds" in evaluation. Along with the money, the start-up picked up a management consisting of CEO Olivier Thierry, once with Mission Critical Software and NetIQ; marketing VP Dean Cruse, formerly with PerformanceRetail; and VP, development and technology Steve Sanderson, formerly with Sapling Systems. Ruby on Rails, a web application framework for the Ruby programming language, has been gaining in popularity because it improves the speed of web application development and the user experience. FiveRuns claims its software is the only one around to manage the full Rails application lifecycle.
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