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Developers earmark Java Fund for start-ups. (ten companies join venture capital firm Kleiner Perkins Caufield and Byers in development funding for Marimba Inc, Active Software and Calico Technology) (Industry Trend or Event)
Ten leading technology companies, along with venture capitalists Kleiner Perkins Caufield & Byers (KPCB), raised $100 million last week for the Java Fund to help start-up companies develop products based on Sun Microsystems Inc.'s Java programming language.
"It's a tremendous validation of Java as a platform," said Kim Polese, CEO of Marimba Inc., a start-up company that was given $4 million by the fund.
"It's another indication Java is a platform and not just a programming language," Polese said.
Marimba was founded by four of Sun's original Java developers and builds tools for Java programmers.
Michael Palmer, an associate at KPCB, said 70 percent …
