Cobalt Networks, an early
manufacturer of single-purpose "server appliances," has completed a $36
million round of venture capital funding to develop and boost its
Linux-based products, the company said today. Analysts say the server
appliance market will grow, but that existing smaller companies such as
Cobalt have had trouble getting the word out. New investors contributing to
Cobalt's current round include August Capital, Van Wagoner Capital, General
Electric Pension Trust, J&W Seligman, Pequot Private Equity Fund, and
Pequot Capital Management.
Discuss: Short Take: Cobalt lines up new investors
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