Damballa Receives $820K Investment from GRA Venture Fund LLC

March 30, 2010 at 2:41 pm Leave a comment

Damballa, a GRA VentureLab graduate, today announced that it has completed its Series C financing with an investment from the GRA Venture Fund LLC.  The Atlanta-based network security company’s platform technology, developed in Georgia Tech’s College of Computing, can detect and terminate security threats that evade traditional security solutions.

“Organizations need look no further than recent attacks on some of the largest and most technically-sophisticated companies in the world to understand the severity of ‘botnet” and other remote-control criminal threats and the damage they can cause,” said Damballa CEO Val Rahmani.  “This investment will bolster the industry’s only true anti-botnet solution.”

The GRA Venture Fund LLC is a private investment fund created to help finance companies that have emerged from the Georgia Research Alliance VentureLab commercialization program.  The GRA VentureLab process identifies and helps to refine commercially-viable technologies developed in the labs of the Georgia’s research universities.

Entry filed under: Commercialization/VentureLab, News.

Suniva, Inc. earns top rankings from The Wall Street Journal Leading HIV Scientist Named GRA Eminent Scholar

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed