As reported Friday, Winston Damarillo, founder of Gluecode, has launched a new investment company backed by Redpoint Ventures and Mission Ventures. The new company is targeted at commercializing open source software projects. The company said that it has invested in LogicBlaze, an open source company focused on developing and supporting ActiveMQ, and Mergere, a open source software lifecycle management firm. Damarilo was founder of Gluecode Software, which was acquired this month by IBM.