Categories: Uncategorized

Meteor Secures $11.2 Million Led By Andreessen Horowitz

To hear Peter Levine tell it, the first meeting between Andreessen Horowitz and Meteor was middling during introductions and a presentation, until, that is, the team gave a live demo of the framework that would eventually lead to a generous funding round. “In all of 30 seconds, he hacked up a rich-client and back-end server application,” he wrote of the encounter. “The client was running locally yet synchronizing all of its data to a backend server. Fast, secure and in real-time. What I saw in front of my eyes was magic!” According to Levine — who previously served as CEO of XenSource, another open source endeavor — the problem with JavaScript is that it was designed for client-side use, leaving back-end server uses to other languages. The San Francisco-based Meteor rolls client and server-side code into the same language and API, which speeds up development of applications that require both, and decreases the quantity of training required. Levine wasn’t the only one at that meeting who walked away impressed with the open source web app platform. This week, Andreessen Horowitz led an impressive round of funding that garnered $11.2 million for the project. The investment is a “lot of money,” Meteor CEO Geoff Schmidt conceded. With it, he said the project is assured greater staying power, and the team won’t be forced to consult or develop a commercial application based on Meteor. Schmidt also promised that Meteor will remain free and open source following the funding, though future plans involve developing a parallel product, tentatively known as Galaxy, that will serve as an enterprise-oriented hosting environment for Meteor apps. And though he holds it was the successful demonstration that piqued Andreessen Horowitz’ interest in the project, Levine lauded the quality of the team as well. “While they’ve graciously described the board and investors as a dream team, the real dream team is the Meteor founders,” he said. “Passionate, committed and appropriately eccentric make them the best team in the universe to be working on this project. We are honored to be partnering with Meteor in their mission to build a new platform for cloud computing applications.”

Image: Meteor
Techli

Edward is the founder and CEO of Techli.com. He is a writer, U.S. Army veteran, serial entrepreneur and chronic early adopter. Having worked for startups in Silicon Valley and Chicago, he founded, grew and successfully exited his own previous startup and loves telling the stories of innovators. Email: Edward.Domain@techli.com | @EdwardDomain

Recent Posts

Houston-based startup announces integration of orbital biomedical OS to advance biological discovery in low Earth orbit

Commercial space station developer Starlab Space announced this week that it has partnered with Helogen…

2 semanas ago

What the launch of Revenue OS by ADvendio signals for the future of agentic advertising

It won't come as a surprise that agentic AI holds tremendous promise for the advertising…

2 semanas ago

Billdr relaunches as new “OS” for construction back office, raises $3.2 million

Software company Billdr, which is building the AI-native operating system for construction, announced in late…

3 semanas ago

Ness appoints new CTO to ATONIS to bring intelligent engineering to enterprises

AI has long promised to unlock widespread operational efficiencies, automate workflows and generate key business…

4 semanas ago

Crescite Bets on Faith-Driven Finance With Catholic USD™, a New Kind of Stablecoin

Crescite Innovation Corporation is entering the stablecoin space with an approach that challenges the dominant…

1 mes ago

AI maintenance startup Fracttal raises $35 million to scale predictive asset management

Fracttal, a leading company in AI-powered maintenance solutions, announced on Wednesday it has closed a…

1 mes ago