The company's platform stresses license management in open source libraries.
Open source library management platform developer WhiteSource has raised $1 million in a series A financing round. The round was led by Peregrine Ventures with the participation of the owners of the Incentive Ariel incubator, and angels from Israel and New York.
The company's platform stresses license management in open source libraries and customers can use one product for free but must pay for additional products. WhiteSource charges $2,400 a year, much lower than their rivals' prices. Since the product was launched last summer, WhiteSource has serviced over 500 companies.
WhiteSource was founded in May 2011 by chairman Ron Rymon, CEO Rami Sass and Azi Cohen. Later that year the company received a NIS 2.1 million grant from the Chief Scientist.
Published by Globes [online], Israel business news - www.globes-online.com - on June 19, 2013
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