News Column

China : DAMBALLA wins $13 million in recent VENTURE CAPITAL FUNDING

April 25, 2014

$13 million has been procured by Threat protection software provider Damballa in a recent venture capital funding. The company's existing investors the supported the said round.

According to 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."

It is stated by the Atlanta-based firm that 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.

The new funding would be utilized by Damballa to fuel its growth in North America. It will also beef up its sales team and marketing campaigns

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Source: TendersInfo (India)