News

Damballa Raises $13 Million for Global Expansion

Damballa has raised $13 million from existing investors to capitalize on growing demand for its automated breach defenseplatform. The company will leverage the additional funds for North American and international sales expansion, as well as marketing and channel efforts. The fundraising comes on the heels of the company’s best year to date in 2013, and a record Q1 2014.

PhishMe Reports Third Consecutive Year of Extraordinary Growth

PhishMe Inc., creator of the industry-leading phishing mitigation and detection platform, today reported extraordinary corporate performance for the 2013 fiscal year. Bookings grew 130% over the previous year and the company achieved significant increases across all key corporate performance measures, including the largest fourth quarter in company history.

BuildingIQ Doubles Revenue in Q4, Strong Finish to a Successful Year

BuildingIQ, a leading energy management software company, today announced its financial results for the fourth quarter, concluding a strong 2013 fiscal year. Recurring revenue doubled in the fourth quarter with a record level of bookings that totaled over $900,000. BuildingIQ also more than doubled the amount of buildings under management in the fourth quarter.

Founder of Mandiant and Chief Operating Officer of FireEye Joins PhishMe Board of Directors

PhishMe® Inc. today announced the appointment of Kevin Mandia to its Board of Directors. As the leading provider of immersive security behavior management, PhishMe helps enterprises improve employee resilience to and reporting of targeted phishing, malware, and drive-by attacks – the most common attack vectors used to compromise corporate and government networks today.

Paladin Capital Group Marks Another Successful Exit in Sale of Unitrends

Unitrends, the leading provider of all-in-one backup, archiving, instant recovery and disaster recovery solutions, today announced that it has received a major growth equity investment from Insight Venture Partners, a leading global private equity and venture capital firm. Financial terms of the transaction were not disclosed.

BA Insight Appoints Massood Zarrabian as Chief Executive Officer

BA Insight, a leading global provider of unified information access solutions, today announced that it has appointed Massood Zarrabian as its Chairman of the Board and Chief Executive Officer. Mr. Zarrabian is a veteran of the software industry with a track record of building and growing profitable, venture funded software companies.

Bugcrowd announces $1.6M seed round, US HQ

Crowdsourced security startup Bugcrowd today announced it closed a $1.6 million seed round from top investors including Icon Venture Partners, Paladin Capital Group, Square Peg Capital and select angel investors. The capital will be used primarily to develop sales and marketing operations, expand the team, and support a fast-growing community of more than 3,000 security testers.

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