Linux Networx Scores $37M

Salt Lake City, Utah-based Linux Networx has raised $37M in a round of venture funding, the firm reported today. The round included Lehman Brothers and Canaccord Adams, new investors to the firm, along with previous investors Oak Investment Partners and Tudor Ventures. Linux Networx said that the round will be used to drive the next phase in the company's strategy. Linux Networx develops Linux clusters used for supercomputing and high performance computing (HPC) markets. More information »