NSS Labs Raises $16 Million In Financing To Grow Its Security Testing and Continuous Monitoring Suite of Services

NSS Labs, Inc., 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.