Damballa Receives $820K Investment from GRA Venture Fund LLC
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.