Friday, June 20, 2008

Open-source software maker Optaros secures $12M in Series C funding

By Mass High Tech Staff

Boston-based Optaros Inc. has raised a $12 million Series C round of funding, according to published reports. The financing increases total venture capital raised by the company to $33 million.

Optaros, founded in 2004, is an open-source software consulting and integration firm that employs about 200 workers.

Investors in the funding included Boston-based .406 Ventures, Globespan Capital Partners of Boston, Waltham-based Charles River Ventures and General Catalyst Partners of Cambridge, PE Hub reports.

The company completed a $13 million Series B round of funding in 2006 and reached profitability for the first time last year while doubling its revenue, officials have said.