CMEA Supports Schooner

Schooner Information Technology Inc. has secured $3.33 million of a $15 million Series A round led by CMEA Ventures, according to a regulatory filing. The Oakland-based company is in stealth mode, but says that its goal is to help financial sector and Internet consumer-facing companies achieve high performance and scalability at a fraction of their current costs.” The company is led by Richard Busch, who previously was with Sun Microsystems as research director of computer system architecture and analysis.