Lineo picks up $20 million

By Rachel Konrad
Staff Writer, CNET News

Embedded Linux systems company Lineo announced Monday the closing of a strategic investment round of $20 million, bringing the total investment in Lineo to $57 million.

Investors in the newest round include Sun Microsystems, Hitachi, Canopy Group and Egan Managed Capital.

Lineo software and hardware help companies with large supply chains use the Internet to bring down costs and decrease the time it takes to build products. Salt Lake City-based Lineo will use the newest round of funding to continue to develop embedded tools and support services.

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