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NGINX Funding Hits $13 Million for Open Source Web Server Tech

Nginx, the lead commercial sponsor behind the open-source Nginx Web server, aims to grow its business, with a boost from a fresh capital injection of $10 million.

The new funding is a Series B round led by venture capital firm New Enterprise Associates (NEA) and brings the total funding to date for Nginx to $13 million.

The timing is now right for Nginx to raise new funds, Gus Robertson, CEO of Nginx, told eWEEK. "We launched our first commercial product in August, and we've already seen significant demand for it," Robertson said. "So the timing was right to increase our investment."

Read the full story at eWeek:
Nginx Raises $10 Million in New Funding for Server Development

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.