X

DimDim nabs Index Ventures...and $6 million

DimDim just raised a Series B from one of the industry's best venture firms.

Matt Asay Contributing Writer
Matt Asay is a veteran technology columnist who has written for CNET, ReadWrite, and other tech media. Asay has also held a variety of executive roles with leading mobile and big data software companies.
See full bio
Matt Asay

As is often the case with "news," the most interesting story is in the subtext. As an example, DimDim, the open-source web conferencing company, just raised $6 million in a Series B round of financing. That's great news for DimDim, but it's not the most important news. (Though I'm sure DimDim employees will beg to differ. :-)

No, the most important news is who funded this round. Index Ventures.

For those who don't follow the open-source world very closely, Index has funded some of the world's best open-source companies, many funded by Danny Rimer, open-source rock star. Its portfolio is filled with MySQL, Zend, OpenX, and Pentaho, among others.

Getting money from Index says a lot about DimDim. It has a lot of experience investing in open source. Index doesn't suffer open-source fools easily. DimDim just got a big vote of confidence...along with the cash.