Laszlo Expands Round

Laszlo Systems, a San Mateo, Calif.-based developer of an open-source platform for building and deploying Ajax applications, has raised $6.6 million in additional Series C funding. The round total is now $14.6 million, including an $8 million first close in late 2006. All of the second tranche's participants were existing shareholders: WI Harper Group, General Catalyst Partners, Sofinnova Ventures and Mitsui & Co. Venture Partners.

PRESS RELEASE

Laszlo Systems, a global leader in Rich Internet Application (RIA) software and solutions and the original developer of the open source development platform, OpenLaszlo, today announced that the company secured an additional $6.6 million to formally close its Series C funding round. All existing investors participated in the financing, including WI Harper Group, General Catalyst Partners, Sofinnova Ventures, Mitsui & Co. Venture Partners, and other private investors.