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Network and storage monitoring startup Xangati picked up $10.7 million in Series B funding today as the firm gets ready to enhance its products and ramp up its U.S. and international operations.
The round, led by Walden International, included existing investor Alloy Ventures and brings Xangati's total funding to around $18 million.
The Cupertino, Calif.-based startup only emerged from stealth a little over three months ago, touting its Rapid Problem Identification (RPI) appliances as a way for users to pinpoint the source of application and network performance problems.
The RPI devices scan network data from switches and routers and use a set of algorithms to check the bit and packet rates associated with applications, such as backups. This information can then be used to reallocate storage resources, if a backup, for instance, is under-performing.
"We have a couple of releases coming up," says Alan Robin, the Xangati CEO, explaining that the first of these will take place "very shortly" and the second will be at the beginning of next year.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
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