From the Khosla Portfolio: SkyBlue Technologies
When former Kleiner Perkins Caufield & Byers partner Vinod Khosla launched his own VC firm, Khosla Ventures, in March, one of his inaugural portfolio companies was SkyBlue Technologies, Inc. The Redwood City (Calif.) startup was founded a year ago by Stanford U. computer science professor Monica S. Lam and her fellow researchers, who are developing open-source virtualization software that lets systems administrators remotely manage PCs. Traditionally, companies have used programs like CA's Unicenter or HP OpenView for this task. Virtualization sacrifices some performance to keep the management program running independently from the PC operating system, which can become unstable. It's a clever use of an under-exploited technology that has had a recent resurgence on server computers and has produced at least one recent hit startup, VMWare. SkyBlue calls its class of software ready-to-run (R2R) and has launched a portal site, itCasting, to promote collaboration on R2R software. William J. Raduchel, CEO of Ruckus Network and former CTO at AOL Time Warner, is on SkyBlue's board. The company raised $1 million last August and $2.26 million from Khosla and others in March.
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