Thursday, August 9, 2007

PacketMotion Raises $7.5 Million for Enterprise Security

PacketMotion, a start-up based in San Jose, California, secured $7.5 million in its third round of funding.

PacketMotion offers an enterprise platform for analyzing network traffic in order to ensure security and regulatory compliance. The platform analyzes and interprets application flows, just like a traditional proxy, but without the latency and risk of downtime created by an in-line proxy deployment. It then extracts the critical meta data from each conversation without having to store large amounts of extraneous data.

Investors include Intel Capital, ONSET Ventures, and MDV-Mohr Davidow Ventures. The company has raised a total of $34.5 million in three rounds of funding.

  • PacketMotion is headed by Paul Smith, who previously was Chairman and CEO of Tasman Networks, which was acquired by Nortel in February 2006. Prior to Tasman, Smith was VP & GM of the Telecom Division of New Focus.