Silicon Valley startup Sonatype moves to Maryland
Published: September 10, 2010 09:29
Wayne Jackson — who successfully took network security company Sourcefire Inc. public three years ago — is taking the helm of Silicon Valley transplant Sonatype Inc., opening a new headquarters in Silver Spring and unveiling $11.6 million in venture funding.
The startup, which sells products and consulting services supporting software developers, decamped from its Mountain View, Calif., office and moved into 12501 Prosperity Drive two weeks ago. It plans to use that new headquarters as a launching pad for growth in the coming months, fueled by an investment led by Facebook-backer Accel Partners, based in Palo Alto, Calif.
The venture capital round, also joined by existing investors San Francisco-based Hummer Winblad Venture Partners, Palo Alto-based Bay Partners and Cleveland-based Morgenthaler Ventures, is the first major infusion of institutional funding for Sonatype.
It may seem counterintuitive that a startup — one whose clients include major West Coast tech firms — would leave the epicenter of the nation’s tech industry for the Maryland suburbs. But Jackson says the Washington area has the talent pool and the geographic position to make it an ideal place to hang a shingle.
Washington Business Journal