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26th July 2012

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Meteor, described as ‘Silicon Valley’s newest star’, has raised $11.2 million (£7.13m) to try and push open source further into the software development sphere.

The news was announced by Meteor’s parent, the Meteor Development Group. The majority of the funds came from venture capitalists Andreessen Horowitz, who recently put up $100m for open source providers GitHub.

Meteor is an open source platform which allows developers to utilise their JavaScript framework to build apps on their PCs without having to fight with other non-Java codes.

Before this, Meteor was arguably most famous for being an alumnus of seed connector and startup funder Y Combinator.

Alongside the money, Meteor will get invaluable support as they launch the open source developer platform.

Rod Johnson, who created the open source Spring framework, Peter Levine, general partner of Andreessen Horowitz, and David Skok, who engineered the enterprise sales strategy for JBoss, are all on board as special advisors to Meteor, who called the trio the “dream team”.

“They know more than anyone else about building open-source technology for the enterprise,” said CEO Geoff Schmidt.

“It’s clear to everyone that we need something new,” said Matt DeBergalis, co-author of the Meteor code.

He added: “What we see today is that it is open source developers who drive the technology that is ultimately adopted everywhere else in the industry. So it depends on whether the open-source community chooses to rally around Meteor”.

According to Schmidt: “With this money comes a lot of responsibility.

“When we started this project, we took on two jobs; building a great application platform and building a fun, welcoming and supportive community around it. Now we’re taking on a third job, building a world-class company.”

Can Meteor become a ubiquitous language like Java and SQL? Is this more proof that open source is the way forward?

About the Author

James has a passion for how technologies influence business and has several Mobile World Congress events under his belt. James has interviewed a variety of leading figures in his career, from former Mafia boss Michael Franzese, to Steve Wozniak, and Jean Michel Jarre. James can be found tweeting at @James_T_Bourne.

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