Benchmark Bets on Ruby on Rails With $3.5 Million Investment in Engine Yard

For Jeff, Rich

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“Is Ruby on Rails the next Java? Benchmark Capital thinks so. It just invested $3.5 million in Engine Yard, taking its entire series A round. Ruby on Rails is an increasingly popular Web application programming environment because it is dead-simple, open-source and very fast to develop on. The downside is that it is not always as robust as more mature frameworks such as Java….”