ATLANTA – Endgame Systems, which sells cybersecurity services, has raised a $29 million first round from Bessemer Ventures, Columbia CapitalKleiner Perkins Caufield & Byers(KPCB), and TechOperators. David Cowan of Bessemer Venture Partners and Arun Gupta of Columbia Capital join the board.

With the funding, the company has launched its ipTrust cloud-based botnet and malwre detection service. It says ipTrust distills hundreds of terabytes of security events into usable intelligence and information, helping companies quickly assess the security of their systems without depending on access to internal network traffic, or requiring any hardware or software installation.

Tracking botnets across the Internet is an ambitious undertaking,” saidDavid Cowan, a partner of Bessemer and the co-founder of VeriSign. “Based on their experience leading ISS X-Force, the preeminent security research group in the industry for many years, this is probably the one team in the world that can pull it off.”

Tracking botnets across the Internet is an ambitious undertaking,” said David Cowan, a partner of Bessemer and the co-founder of VeriSign. “Based on their experience leading ISS X-Force, the preeminent security research group in the industry for many years, this is probably the one team in the world that can pull it off.”

There should be a considerable market for this. Over 280,000 organizations and more than 250 million IP addresses have been infected with botnets, worms, viruses and other malware threats. The most dangerous of these infections are designed to harvest a network for malicious use, or to access private data. While attacks are becoming smarter every day, so are tools that organizations can use to protect themselves.

We’re glad to see a number of Southeast companies taking innovative approaches to battling malware and botnets. They’re a scourge that can affect us all.

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