Moonlight picks up $5 million

Dawn Kawamoto Former Staff writer, CNET News

Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.

Dawn Kawamoto

April 30, 2003 4:28 p.m. PT

Moonlight Systems announced Wednesday it raised a $5 million second round of funding, led by BA Venture Partners and Bay Partners. The San Mateo, Calif.-based company has raised a total of over $19 million. Moonlight develops software designed for Web-based applications. In separate news, the company named John Lambert, a former vice president at Rational Software, as its new chief executive.