Santa Monica-based venture capital firm Palomar Ventures has re-upped its investment in a security software firm Damballa, which is based in Atlanta, as part of a new $12M funding round for that company. Palomar's Jim Gauer sites on the board of Damballa. The funding round was led by Paladin Capital Group, and also included Sigma Partners, Palomar Ventures, InterWest Partners, GRA Venture Fund, Imlay Investments, and Blumberg Capital. Damballa makes security software used by ISPs, telcos, and enterprise customers, which disrupts botnets, fraud, and criminal activity and malware. More information »