Zend nets $20 million in funding

By Stephen Shankland
Staff Writer, CNET News.com Published: August 27, 2006 9:00 PM PDT

Tools

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Zend, which commercializes the widely used open-source PHP software that lets computers create customized Web pages, has received a $20 million boost through a fourth round of funding. Graylock Partners led the round, with contributions from earlier investors such as Azure Capital Partners, Index Ventures, Intel Capital, Platinum Venture Capital, SAP Ventures and Walden Israel Venture Capital, the company plans to announce Monday.

Zend will use the funding to expand internationally and to speed product development, co-founders Andi Gutmans and Zeev Suraski said in a statement. In addition, Greylock partner Moshe Mor has joined the board, the company said.

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Zend nets $20 million in funding

Open source

Funding/IPO

Venture capital

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