Zend raises another $7 million for PHP dev
Zend, one of the lead commercial sponsors behind the open source PHP development language has raised another $7 million in venture funding.
This latest round is in addition to the $9 million Zend raised in May. No, it's not Facebook money, but it's still not too shabby.
As a private company, we don't know what Zend's revenues are and we don't know exactly how much equity the investors are taking in the company. That said, it is clear that investors see value in Zend -- and rightly so.
2010 was a banner year for the company and they're extremely well positioned to take advantage of the emerging opportunity for cloud infrastructure.
The cloud after all is heavily dependent on the web and PHP is the lingua franca of web applications.