Monday, September 24, 2007

Xangati Raises $10.7M

Cupertino-based Xangati, which is developing IT management appliances for enterprise networks, said today that it has closed a Series B funding round worth $10.7M. The round was led by Walden International, and also included existing investors Alloy Ventures. Xangati said that the funding will be used to expand its engineering team, along with its marketing and sales groups. The funding brings the company's total raise to approximately $18M. Xangati is developing IT management appliances used for identifying application and network problems. More information »