The big news of the day is that our company, REvolution Computing, has just secured a new round of funding with a $9million injection from North Bridge Venture Partners and Intel Capital. You can read all the details in this press release. We've been operating in a lean start-up mode for quite a while, and personally I've been amazed at what the team has been able to accomplish with a very small staff. Now with this new funding and the additional resources it brings we'll be able to tackle some bigger projects that we've been planning but haven't been able to execute on yet. You'll hear more about those in the coming months.
With this change comes a new CEO: Norman Nie, a Stanford professor and the founder and former CEO of SPSS. I've spent a fair bit of time with Norman over the past few weeks and my main impression is that he is deeply passionate about making Statistics better with R. He has also made it clear that he intends to invest in the R Community, and has named me VP of Community to execute on that goal.
On the software front, we will continue to produce "REvolution R", our free distribution of R available to everyone. This will include new Windows and Mac versions based on R 2.9.2 which will be available for download soon from our website, and the forthcoming REvolution R distribution available with Ubuntu Linux . And of course, we will continue to have a Sales team focused on introducing our subscription-based distribution, REvolution R Enterprise, to large companies in various industries. It's the exclusive "Enterprise" features (such as the Visual Studio-based IDE in our upcoming release for Windows) that form the basis of our ongoing revenue model, and maintains the funding stream that will allow us to be contributing members of the R community for a long time to come.
I wanted to give thanks to our former CEO Richard Schultz for making REvolution what it is today, and to my former boss Danese Cooper for all her great insights into the world of open-source. I'll miss you and the others from the old New Haven office.
So all in all it's an exciting day here for us here at REvolution Computing. We have a new team in place, a new HQ in Palo Alto, CA and lots of new projects and the resources to execute on them. Keep an eye here for all the things we have in store.