Lineo, Inc. today announced the closing of a strategic investment round of $20 million, bringing the overall investment total in Lineo to $57 million. According to a statement released by Lineo, the key participants in this round of financing were Sun Microsystems, Hitachi, Ltd., Canopy Group, and Egan Managed Capital.

“Investments by embedded industry powerhouses like Sun Microsystems and Hitachi demonstrate confidence in the continued success of Lineo's core business — combining open source and proprietary software and solutions,” said Bryan Sparks, CEO and chairman of Lineo, Inc. “To our knowledge, we are the only embedded Linux company that has recently received significant strategic investments. Our Q2 revenues place Lineo in the lead among embedded Linux companies.”

“Lineo and Sun share the goal of providing products and services built on open standards that offer rapid time-to-market and stability,” said Brian Sutphin, vice president of Strategic Investments for Sun Microsystems. “Lineo is addressing a key embedded systems market, and Sun is pleased to support Lineo's development of highly-available, real-time solutions for that emerging market.”

Lineo intends to use the funds for continued development of the company's embedded tools, embedded Linux, DSP support, and vertical market solutions.

 
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