Information security company NSS Labs announced $16 million in new financing today.The new infusion of capital will be used to grow their product, including bolstering in-depth security product testing, analyst services, and their cloud-based security and risk management platform.
"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, in a statement.
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.
"NSS plays a rare and valuable role in the security industry," Schaller said in a statement. "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."
The new investment follows last year's $7 million funding by LiveOak Venture Partners and Chevron Technology Ventures.
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