Atlanta security software firm Damballa pockets $13M in funding for growth

April 22
7:52 AM 2014

Threat protection software provider Damballa has secured $13 million in a recent venture capital funding. The company's existing investors backed the said round, according to VentureBeat.

In a press release, Damballa chief executive officer (CEO) David Scholtz said of the security software company: "Damballa provides automatic and indisputable evidence of successful infections so responders can immediately prevent damage. That message is resonating with a broad range of enterprise organizations around the world."

The Atlanta-based firm says its platforms are able to discover active threats that security prevention layers are unable to block. Damballa does this in real-time, and acts quickly to locate the devices that might pose as risk to an enterprise. Its software can protect any kind of device, OS, and systems, the report detailed.

Damballa will use the new funding to fuel its growth in North America. It will also beef up its sales team and marketing campaigns, VentureBeat reported.

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