AUSTIN, Texas – June 20, 2016 – NSS Labs, the world’s leading information security research and advisory company, announced today that it has secured $16 million of new equity and bank financing. The financing will support the growth of the NSS Labs suite of services that includes in-depth security product testing, analyst services, and continuous product monitoring through the Cyber Advanced Warning System™ (CAWS), a revolutionary cloud-based security and risk management platform.
The round was led by Delta-v Capital with participation from existing investor, LiveOak Venture Partners. As a part of this transaction, David Schaller, Managing Director of Delta-v Capital will join the board, and Dan Williams, Vice President of Delta-v Capital, will be named a board observer. The new investment follows last year’s $7 Million funding by LiveOak Venture Partners and Chevron Technology Ventures to seed development of CAWS for the Texas-based company. The latest round of financing enables NSS to accelerate its go to market strategy, as well as expand the capacity of the CAWS platform to meet customer demand.
“NSS plays a rare and valuable role in the security industry,” said Schaller. “The partners in our firm have made many successful investments in both the information services and security sectors over the past 15 years. Through their CAWS platform, NSS is uniquely positioned at the intersection of these two highly attractive markets. NSS’s wealth of proprietary data brings transparency and accountability to the security industry where product comparability and cyber risk are increasingly difficult to assess and quantify.
“NSS has a strong reputation earned from its many years of investment in becoming the leading independent source for factual information on security threats, products, and cyber risk. We are excited about the opportunity to partner with NSS as they look to realize a higher trajectory of growth and success,” adds Schaller.
“We were early believers and are thrilled to be reaffirming our investment in NSS Labs,” said Venu Shamapant, General Partner of LiveOak Venture Partners. “With rapidly evolving threats and security products, the need for a tool that allows a security organization to quickly assess whether new exploits can attack them and if so whether their existing security can stop the attacks, is critical. NSS has successfully leveraged its stellar reputation as a trusted source for security product assessments by delivering a first-in-class SAAS offering that is giving enterprises visibility on their cyber security risk,” adds Shamapant.
“NSS Labs has been on a rapid growth trajectory, and with this new investment from Delta-v Capital, we are thrilled that we can further accelerate our unique offerings to customers around the world,” said Vikram Phatak, CEO of NSS Labs.