HeroDevs announced a $125 million strategic growth investment from PSG, with existing investor Album participating, to expand its commercial support for deprecated open source software. The Salt Lake City company’s Never-Ending Support products cover end-of-life frameworks such as AngularJS, .NET, and Spring so enterprises can keep patched while planning migrations, and it says it serves more than 800 companies including nearly a third of the Fortune 100. HeroDevs says it will direct $20 million of the round into an Open Source Sustainability Fund aimed at the maintainers and projects that follow end-of-life best practices.
HeroDevs raises $125M and earmarks $20M for an open source sustainability fund
HeroDevs announced a $125 million strategic growth investment from PSG, with existing investor Album participating, to expand its commercial support for deprecated open source software. The Salt Lake City company's Never-Ending Support products cover end-of-life frameworks such as AngularJS, .NET, and Spring so enterprises can keep patched while planning migrations, and it says it serves more than 800 companies including nearly a third of the Fortune 100. HeroDevs says it will direct $20 million of the round into an Open Source Sustainability Fund aimed at the maintainers and projects that follow end-of-life best practices.
Source: Hoodline