Meteor Development Group
HQ: San Francisco
CEO: Geoff Schmidt, Matt DeBergalis, Nick Martin (Meteor co-authors)
New Funding: $11.2 million
Backers: Andreessen Horowitz, Matrix Partners, others
Meteor, with its Series A round of funding, has a formidable list of advisers and directors on board, including Spring Framework creator and former VMware executive Rod Johnson (left). Meteor's open-source software applications run from a user's computer or mobile device to retrieve needed data from cloud services -- something Meteor's backers maintain offers users a cleaner, faster experience than the running of applications on far away servers.