Paladin Capital Group Leads $12 Million in New Equity Funding Round for Dambella

Based in Atlanta, Georgia, One of the world leaders in combating cyber threats, Dambella, announced on February 14, 2011, that it has received $12 million in a new equity funding round led by the Paladin Capital Group. Other investors who participated in this funding round include the company’s existing investors, Sigma Partners, Palomar Ventures, InterWest Partners, GRA Venture Fund, Imlay Investments, and Blumberg Capital. All the above mentioned investors have also increased their equity steaks Dambella with this funding round.

Leading the market in fighting cyber threats, Dambella is taking a lead in a new emerging industry with cyber threats being a reality for most businesses in this day and age. The fact is that there are many different cyber threats which can do anything from destroying or deleting vital data to cleaning out entire bank accounts. Some of the most common cyber scams include phishing, which is when you download some kind of malware that allows its programmers to figure out all your passwords, including those to your online banking access. Furthermore, there is also plenty of spyware which can do the same thing. You could also download a file or open an email which has a virus that can wipe your whole hard drive clean.

Dambella aims to make the internet a more safe and secure place to work in. One of the main products that the company has to offer its clients is the Dambella Failsafe. This program allow the user to protect his computer from the wide variety of malware, crimeware, and other cyber threats out lurking in the internet. The way the Dambella Failsafe system works is by detecting any kind of odd communication and detects any breached online assets.

As part of the deal for this new funding round, the principal of Paladin Capital Group, Mr. Philip Elliot will join the company’s board of directors. As far as the investment is concerned, Mr. Elliot stated that the nature of cyber attacks which are targeted to business and corporate IT systems is an eminent threat and is ever evolving. Furthermore, cyber attackers have become more sophisticated and are capable of breaking into the most secure networks in both the private and public sectors. The innovations that Dambella has produced in the cyber defense industry are truly revolutionary and the company has experienced rapid growth as the ever-changing cyber threat persists to be a problem. Mr. Elliot further stated that his team at Paladin Capital Group are very excited about the significant growth potential that Dambella can provide, thus the ROI the company can provide the firm. Mr. Elliot further stated that he is happy to join the management of a company that has a dedicated team and has a dynamic product which can help fight the growing problem of cyber threats.

The investors are not the only ones singing praises to Dambella. According to the company’s CEO, Val Rahmani, the entire management team of Dambella are very excited that the investment track record and experience that Paladin Capital Group brings to the company. Dambella has acquired a wide range of clientele, which include some of the most respected brands and companies in the world. Proceeds from this latest funding round will help Dambella develop its products to be more dynamic and be able to keep up-to-date with the latest cyber threats which are ever evolving.

Based in Washington D.C., the Paladin Capital Group is one of the largest multistage private equity firms in the United States. Currently, the firm has over $950 million of committed capital under its management and primarily invests in high-growth companies who are in the security and IT security industries. Some other companies in the Paladin Capital Group’s portfolio include Initiate Systems, QuantaLife, Modius, Royalty Pharma, CloudShield, Crossbow, Digital Signal, and others.