PacketMotion, networking monitoring and compliance co., raises $7.5M more

PacketMotion, a San Jose, Calif. provider of enterprise network monitoring and compliance technology, has raised a $7.5 million third round of financing from its existing investors.

See announcement here.

Investors include Intel Capital, ONSET Ventures, and Mohr Davidow Ventures, and brings the company’s funding total to $34.5 million in three rounds of funding.

From the statement:

“Major enterprises seek a much deeper level of visibility and control of transactions affecting their critical information assets,” said Paul Smith, CEO of PacketMotion. “Our customers have told us that in this environment they need the ability to not only see transactions on the network, but to control them in real-time, with higher performance and scalability, and with stronger interfaces to the identity and compliance ecosystems of their enterprise.”

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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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