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Short Take: Cobalt lines up new investors

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.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors | Semiconductors | Web browsers | Quantum computing | Supercomputers | AI | 3D printing | Drones | Computer science | Physics | Programming | Materials science | USB | UWB | Android | Digital photography | Science Credentials
  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
Stephen Shankland
, 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.