Digital Evolution Raises $15M C

Santa Monica-based Digital Evolution has raised an additional $15M in capital in a Series C financing. The funding came from Redpoint Ventures, Mellon Ventures, Paladin Capital Group, and Palisades Ventures. Digital Evolution is developing software solutions for Web Services management. The company's Identity-based Service-Oriented Architecture (SOA) platform helps companies manage and secure the flow of XML-based Web Services traffic in an enterprise. Web Services are being used by large companies to better connect their internal IT resources, monitor business operations in real-time, and connect disparate IT systems. The new round brings its total funding to over $30M. More information »