Monday, August 13, 2007

PacketMotion Raises $7.5M

San Jose-based PacketMotion said over the weekend that the firm has raised $7.5M in a third round of funding, from Intel Capital, ONSET Ventures, and MDV-Mohr Davidow Ventures. PacketMotion is a provider of enterprise security and compliance software. The firm said that the round brings the company's total to $34.5M, and will be used for product development and expansion of its sales and marketing efforts. More information »