ATLANTA -- (BUSINESS WIRE) -- Damballa has raised $13 million from existing investors to capitalize on growing demand for its automated breach defense platform. The company will leverage the additional funds for North American and international sales expansion, as well as marketing and channel efforts. The fundraising comes on the heels of the company’s best year to date in 2013, and a record Q1 2014.
“Today’s threats evolve constantly and prevention tools can’t stop infections they haven’t seen before,” said David Welsh, Partner at Adams Street Partners. “The market is ripe for Damballa’s very different approach to detecting and stopping infections with certainty. The market dynamics, combined with the impressive steps the company has taken in the past year – driving revenue growth and building out strong channel and strategic alliances for future success – make us very excited about the opportunity for Damballa.”
“CSOs and their teams are overwhelmed with alerts,” said David Scholtz, CEO of Damballa. “Instead of wasting time chasing false positives or doing deep investigative work to confirm true infections, they need a security system that can automate the heavy-lifting. 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.”
Damballa Failsafe is an automatic breach defense system that detects successful infections with certainty, terminates their activity and gives responders the ammunition needed to rapidly prevent loss. Failsafe delivers actionable information about known and unknown threats regardless of the infection’s source, entry vector or OS of the device. It arms responders with definitive evidence so they can rapidly prevent loss on high-risk devices while blocking activity on the rest.
As the experts in advanced threat protection and containment, Damballa discovers active threats that bypass all security prevention layers. Damballa identifies evidence of malicious network traffic in real time, rapidly pinpointing the compromised devices that represent the highest risk to a business. Our patented solutions leverage Big Data from the industry's broadest data set of consumer and enterprise network traffic, combined with machine learning, to automatically discover and terminate criminal activity, stopping data theft, minimizing business disruption, and reducing the time to response and remediation. Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android, and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter @DamballaInc.