Cloud-based security, risk platform supported by USD16m in new financing

NSS Labs has raised USD16 million in equity and bank financing to support the growth of the company´s in-depth security product testing, analyst services, and continuous product monitoring through the cloud-based cyber advanced warning system (CAWS), the company said.

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 USD7.0 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 Labs, Inc. is an information security research and advisory company, providing businesses with the information, analysis, and tools they need to manage cyber security risk.

Delta-v Capital is a provider of liquidity solutions and growth equity to private technology companies and their shareholders.

LiveOak Venture Partners is an Austin-based, early-stage venture capital firm that partners with entrepreneurs who use disruptive technologies and business models to challenge the status quo.