Xangati raises $10.7M to identify delivery problems in corporate networks

Xangati, a Cupertino, Calif. company that identifies delivery problems within corporate networks, said it has raised $10.7 million in a second round of financing.

The round was led by new investor Walden International, and included existing investor Alloy Ventures, which led the company’s first round two years ago. The company has now raised $18 million.

The company calls its technology “Rapid problem identification,” and works by precise monitoring of “endpoints” within a network, such as servers and applications, to make sure a company’s network is running smoothly.

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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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