Adams Street secures Damballa growth through $15m funding round


Private equity firm Adams Street Partners has led a $15m growth funding round for cyber security company Damballa.

Adams Street partner David Walsh will join the company’s board as part of the deal.

He said, “Adams Street Partners has been looking to invest in the growing network security market for some time, and we are excited to come on board with Damballa.

“We were intrigued by several aspects of Damballa’s business, including the technology, people and customer base.

“We realised that Damballa is truly defining the next generation of Internet Security. Damballa technology is unique in its approach to protecting organizations against targeted, zero-day and advanced malware threats.

“In addition, the talent and energy within the organization is unparalleled.”

Last month Adams Street led a $1.75m seed funding round for MyHealthTeams, a company that has created condition-specific social networks for people with chronic health conditions.

MyHealthTeams’ fast-growing flagship site, MyAutismTeam, serves the needs of parents of children with autism. After privately launching in June 2011 with 30 parents in San Francisco, it quickly grew to more than 26,000 registered parents from all across the country.

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