Schooner Raises $15 Million

Schooner Information Technology Inc. has raised just over $15 million in Series A funding, according to a regulatory filing. Backers include CMEA Ventures and Redpoint Ventures.


The Menlo Park, Calif.-based company 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.