Leostream is one of the oldest firm in the x86 virtualization market. The startup survived many years without seeking venture capitals, changing its business focus and product line a couple of times, and facing increasing competition from VMware and others in the VDI market where it is positioned today.
In May 2008, Leostream finally accepted financial help, raising $3 million from Meakem Becker.
Last week the same firm fueled Leostream with another $2 million, as confirmed by Xconomy.
The article mentions that Leostream is not yet profitable, and that Meakem Becker hopes tha this additional cash infusion will be enough to cover operational costs until profitability.