Zend gets 20 million in Series D Funding
By Vivek Puri | August 28th, 2006 at 11:03 am ET
Zend Technologies has secured $20 million in series D fund round led by Greylock Partners. According to Zend News :
“The new funds will enable us to expand faster in emerging geographical markets, accelerate our product development and extend the services organization to meet the demands of our growing number of enterprise PHP customers, said Andi Gutmans and Zeev Suraski, the co-founders of Zend Technologies. It is great that a venture capital firm with the stature of Greylock Partners shares our vision for the PHP market and will help us realize Zend�s potential.”
This is a great news for PHP Development community on the whole. PHP is the most popular language for building dynamic web applications with more than 22 million Web sites using it currently. With the huge install base and great support from hosting companies, and ease of development PHP is a force to reckong with. PHP 6 and Zend Framework are the 2 most exciting things i am looking forward as a PHP enthusiast myself. Other products include Zend Studio, which is one of the best PHP IDE’s in the market, and Zend Platform, which provides high scalability, better performance, and improved efficency.
Earlier Zend had raised $8 million in Series C funding in July 2004 and about $9 million in series A and B. Zend’s investors include Azure Capital, Index Ventures, Intel Capital, Platinum, SAP Ventures and Walden Israel.
