Network management start-up Xangati Monday announced it had garnered $10.7 million in a second round of funding that will be used to expand engineering on its flagship Rapid Problem Identification technology.
Xangati, founded in June 2006, will add the most recent funding to $8 million the company received in July 2006 from Alloy Ventures, which contributed to this second round led by Walden International. Xangati officials say the funding will be used to expand product engineering, as well as sales and marketing at the young company.
Xangati launched its Rapid Problem Identification (RPI) technology earlier this year. The software, packaged on appliances, is said to pinpoint the sources of problems across an enterprise by using flow information, such as Cisco's NetFlow as well as sFlow or cFlow. The technology discovers IP endpoints, profiles them and builds a baseline of normal behavior. If activities occur outside of the normal behavior, RPI can alert staff to the anomalous events, Xangati says.
Investors say the technology addresses a pain point for IT managers.
"Rapid Problem Identification is a powerful tool that provides organizations with a solution to a screaming operational need in IT organizations, and we see Xangati as the leader in this market," said Mary Coleman, managing director at Walden International, in a Xangati press release. Coleman is expected to take a seat on Xangati's board.
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