Digital Evolution Raises $10 Million for Web Services Security

Digital Evolution, a start-up based in Santa Monica, California, closed its Series C financing with $15 million in new capital for its Web Services Security and Management software. The new funding came from Redpoint Ventures, Mellon Ventures, Paladin Capital Group, and Palisades Ventures. Digital Evolution has raised over $30 million in total equity financing to date since its founding.



Digital Evolution's flagship product, its Digital Evolution Service Manager (DESM), enables monitoring and management of distributed, Web services-enabled applications and modules. The company recently launched an Identity-Based Service-Oriented Architecture (SOA) Management platform and has signed partnerships with Netegrity and IBM. http://www.digev.com