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Home > Linux > Rocky Linux secures $26m funding

Rocky Linux secures $26m funding

CIQ, the sponsor of Rocky Linux, announced that the company is receiving $26 million in funding led by Two Bear Capital.


Erdem Yasar Erdem Yasar
May 13, 2022
1 min read
Rocky Linux secures $26m funding

CIQ, founding sponsor and services partner of Rocky Linux announced a $26 million injection of private funding led by Two Bear Capital. The funding announcement came shortly after Red Hat’s RHEL 9 announcement, which will be generally available in the coming weeks. Rocky Linux was created after Red Hat’s CentOS decision to provide complete compatibility with RHEL.

Reducing the gap

After its initial release, Rocky Linux released versions 8.4 and 8.5. Rock Linux reduced the time gap between RHEL’s release date and its own. CentOS project co-founder and CEO and founder of CIQ, Gregory Kurtzer stated that the team built up the infrastructure from scratch, all within the Rocky Enterprise Software Foundation, all completely owned, and managed by the community.

Michael Goguen, founder and managing partner of Two Bear Capital
Michael Goguen, founder and managing partner of Two Bear Capital

Kurtzer stated that CIQ helped mostly with funding. Kurtzer also told that they are building the next generation of customer service by focusing on the people. Michael Goguen, founder and managing partner of Two Bear Capital said,

« We see the enterprise Linux landscape changing, with customers demanding the best technology from the open-source community without sacrificing highly responsive support and enterprise-grade security. »

Related: Best CentOS Alternative

See more Linux News

A comprehensive guide to understanding Linux: What is Linux?


Tags: Linux DistroRocky Linux
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7, Erdem was the managing editor of T3 Magazine.

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