XAware receives $7.4 million in venture funding

Filed under: Banking & Finance,Daily News |

XAware Inc. has completed a $7.4 million round of venture funding. The additional capital will enable the company to continue the growth of its open source business model.

The round was led by vSpring Capital. Firms participating included new investor GMT Capital, a $3.5 billion hedge fund based in Atlanta, and existing investors vSpring Capital, Sequel Ventures, ITU Ventures and BMJP LLC.

Katie Poplin also has joined XAware as senior director of community development and marketing in XAware’s Atlanta office. She most recently worked at Red Hat and JBoss.