Wish upon a shooting star
Development framework Meteor gets $11m funding
Yet another another promising web service has been pumped full
of cash - this time development framework Meteor, which has
secured just over $11 million despite only launching its first
preview seven months ago.
The client side and server both use the same APIs, and data synchronization occurs immediately, allowing users to work directly on the server and have direct database access from the browser itself.
After stepping down from his role at SpringSource, many wondered what future endeavours lay in store for the father of the Java application framework. Whilst it might be a different language entirely, his expertise in getting Spring off the ground when the Java world was in a lull, could be mightily important to Meteor’s rise.
The majority of the cash has been stumped up by Andreessen Horowitz, the venture capital company who have invested in some of the biggest names in the web. Last month the company made headlines with a record-breaking $100m investment in GitHub, the “social network for developers”.
So, what’s the business plan? Meteor is, after all, free and open source, and will continue to be, the company has promised. Instead, income will come from an enterprise version of the software referred to as ‘Galaxy’ - although this is “a long distance in the future”.
For now, they are promising to focus on Meteor, with the money being invested in not only the product’s development, but supporting the Meteor community by running conferences and publishing their own books. “Our goal is ubiquity on the scale of SQL, Apache, or Java,” writes CEO Geoff Schmidt. With a start like this, we wouldn’t be surprised if they achieved their goal.