Damballa Inc., an Atlanta, GA-based provider of advanced threat protection solutions, has raised $15m in growth funding.
The round was led by Adams Street Partners, with participation from existing investors.
Led by Val Rahmani, CEO, Damballa provides advanced threat protection solutions for corporate, telecommunications and Internet service provider networks. Its network security solution detects both criminal command-and-control (C&C) behaviors and inbound malware to uncover hidden infections and terminate the criminal activity. The company’s patent-pending solutions protect networks with any type of server or endpoint device including PCs, Macs, Unix, smartphones, mobile and embedded systems.
Damballa intends now to use the capital to accelerate its sales and distribution efforts.
In conjunction with the funding, David Welsh, partner at Adams Street, will join the company’s Board.
FinSMEs
17/09/2012