Packet Design Raises $14.25 Million for IP Routing Control Plane Product

Packet Design Inc., a start-up based in Palo Alto, California, raised $14.25 million in Series B venture funding for its IP routing control plane developments. Packet Design’s initial product, Route Explorer, was introduced in May 2002 as the first product to look into the IP “cloud” and leverage the routing protocols to gather, display and analyze routing-path information — both in real time and historically — enabling network managers to detect IP anomalies early and resolve them more quickly. Route Explorer has been shipping since mid-2002. A new version will be introduced next month. Prior to March 1, the company had existed as a set of internal technology projects of Packet Design LLC, a technology incubator founded by Judy Estrin and Bill Carrico. The new funding round was led by Advanced Technology Ventures and Mayfield Fund. Also participating in the round were Allegis Capital, Masthead Venture Partners, and Packet Design LLC.
http://www.packetdesign.com