PacketMotion C Round Grows to $8.4M

Wade Roush12/6/10

San Jose, CA-based PacketMotion, which makes employee monitoring software used by large enterprises to guard against compliance violations and “insider threats,” announced on December 2 that its recent Series C funding round has grown by $2.7 million and now totals $8.4 million. Athenian Ventures and Reservoir Venture Partners provided the extra funding. Also participating in the company’s Series C round were existing investors, including Intel Capital, Mohr Davidow Ventures and Onset Ventures.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @