CounterStorm Secures $9.5 Million in Funding; Funds Are in Addition to $1.5 Million in Grants Received from the Department of Homeland Security.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CounterStorm, Inc., the maker of the only internal network security solution that effectively stops zero-day attacks in seconds, today announced $9.5 million in additional venture capital funding. The round B funding was led by JK&B Capital and included Paladin Paladin archetypal gunman who leaves a calling card. [TV: Have Gun, Will Travel in Terrace, I, 341] See : Wild West Capital Group's Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States Fund and Novak Biddle Venture Partners. The new funding brings CounterStorm's total equity investment to date to more than $23 million. The private investment will be used for expanding sales and marketing activities. The infusion of venture capital is in addition to two Phase II Small Business Innovative Research (SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) ) grants from the Homeland Security Advanced Research Projects Agency (HSARPA HSARPA Homeland Security Advanced Research Projects Agency ) worth up to $1.5 million. CounterStorm is the first network security company to simultaneously win two SBIR Phase II grants from the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States . "CounterStorm's revolutionary technology closes a gaping hole in today's enterprise security market," said Marc Sokol, partner at JK&B Capital. "We are excited about our investment in CounterStorm, as their solution is 'must-have technology' for all enterprises fearing the next generation of cyber attacks." Zero-day attacks are defined as the malicious exploitation of previously unknown vulnerabilities before patches and signatures are available. They are one of the most difficult and menacing network threats to protect against. Targeted attacks are when attackers use known or unknown vulnerabilities to compromise one specific company or network. Unlike other security solutions, CounterStorm-1 does not rely on signatures and can quickly and accurately identify and automatically stop today's and tomorrow's increasingly destructive attacks without time-consuming false positives. Even new solutions that don't require signatures for attack detection are plagued by accuracy and latency issues, sometimes taking minutes or hours to detect attacks which CounterStorm-1 stops in seconds. As a result, these tools instill in·still v. To pour in drop by drop. in  stil·la tion n. a false sense of security while leaving networks vulnerable to zero-day and targeted attacks. "CounterStorm-1 is the best internal network security solution available for problems like targeted attacks and zero-day worm storms," said Gil Arbel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of CounterStorm. "The vote of confidence from our investors and DHS DHS Department of Homeland Security (USA) DHS Department of Human Services DHS Department of Health Services DHS Demographic and Health Surveys DHS Dirhams (Morocco national currency) enable us to fuel our tremendous momentum and establish CounterStorm as the leader in internal network security." About JK&B Capital JK&B Capital is a venture capital firm focused in the software, IT and communications markets with over $900 million of capital under management. Founded in 1996, JK&B has built a track record of generating exceptional returns for investors by identifying and investing in companies with technologies which have been critical to the growth of the world's information economy. Since 2000, JK&B Capital has funded many leading security technology companies, including Zone Labs (acquired by Checkpoint) and Entercept (acquired by Network Associates/McAfee). For more information please visit http://www.jkbcapital.com/. About Paladin Capital Group Headquartered in Washington D.C., Paladin Capital Group is a premier private equity firm that provides expansion capital for growing companies. Paladin has over $440 million under management and operates two funds with 20 portfolio companies. Paladin's Homeland Security Fund invests in enterprises whose principal business centers on products and services that address homeland security issues and needs. Importantly, the fund's leadership is comprised of individuals with a proven track record of financial expertise, national security experience and specialized technical competence technical competence, n the ability of the practitioner, during the treatment phase of dental care and with respect to those procedures combining psychomotor and cognitive skills, consistently to provide services at a professionally acceptable level. . For more information please visit http://www.paladincapgroup.com/. About Novak Biddle Venture Partners Novak Biddle Venture Partners is a leading early stage venture capital firm focused on unique, cutting-edge technology investments in the Eastern United States, as well as targeted opportunities nationwide. With over $350 million under management, Novak Biddle operates four venture funds that currently provide equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. and management assistance to 31 portfolio companies. Novak Biddle continues to seek business situations where the combination of ideas, dollars, experience, and relationships can create long term, sustainable value. A sampling of companies funded by Novak Biddle include: RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. first-mover Matrics, voice over IP trailblazer Telogy, education technology leader Blackboard Inc. and intelligent video surveillance pioneer ObjectVideo. For more information, please visit http://www.novakbiddle.com. About CounterStorm CounterStorm, based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is the maker of CounterStorm-1, the only internal network security solution that effectively stops zero-day attacks in seconds. CounterStorm is the first network security company to simultaneously win two Small Business Innovative Research Phase II grants from the Department Homeland Security. DHS selected CounterStorm's technology because it provides unprecedented protection against zero-day attacks. Global enterprises and government agencies use CounterStorm for the fastest and most accurate network protection available. For more information, please visit http://www.counterstorm.com. |
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