NSS LABS RAISES $16 MILLION IN FINANCING TO GROW ITS SECURITY TESTING AND CONTINUOUS MONITORING SUITE OF SERVICESNSS LABS RAISES $16 MILLION IN FINANCING TO GROW ITS SECURITY TESTING AND CONTINUOUS MONITORING SUITE OF SERVICES
NSS LABS RAISES $16 MILLION IN FINANCING TO GROW ITS SECURITY TESTING AND CONTINUOUS MONITORING SUITE OF SERVICES
June 21, 2016
AUSTIN, Texas – June 20, 2016 - 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.
“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.
About NSS Labs, Inc.
NSS Labs, Inc. is the global leader in security product testing and advisory services, providing businesses with the objective information, analysis, and tools they need to successfully manage cyber security risk. NSS offers advanced solutions including the Cyber Advanced Warning System™ (CAWS) – a cloud service that continuously captures live attacks being used by threat actors, and tests security products against those attacks in real time. CEOs, CIOs, CISOs, and information security professionals from many of the world's largest and most demanding enterprises rely on insight from NSS. For more information, visit www.nsslabs.com.
About Delta-v Capital
Delta-v Capital is a leading provider of liquidity solutions and growth equity to private technology companies and their shareholders. Delta-v was founded with a focus on providing secondary liquidity to management teams, founders, and other investors. Additionally, the firm partners with market leading companies with proven business models to provide the capital required to accelerate profitable growth. Since 2009, Delta-v has made over 20 investments in market leading companies including DrillingInfo, LogRhythm, Cloud Sherpas (sold to Accenture), Borderfree (sold to Pitney Bowes), and Zayo (NYSE:ZAYO). Delta-v has offices in Dallas, Texas and Boulder, Colorado. Visit www.deltavcapital.com for more information and find them on Twitter @deltavcapital.
About LiveOak Venture Partners
LiveOak Venture Partners is an Austin-based, early-stage venture capital firm that partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo. While many of their investments begin at the seed stage, LiveOak is a full lifecycle investor focused on technology and technology-driven service companies primary based in Texas and the Southwest. For over a decade, the Founders of LiveOak have helped entrepreneurs create industry-leading companies, such as Spatial Wireless (acquired by Alcatel-Lucent), Navini Networks (acquired by Cisco Systems), LifeSize Technologies (acquired by Logitech) and Mavenir Systems (NYSE:MVNR). Visit www.liveoakvp.com for more information.
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