Security research and product-testing firm NSS Labs announced today it has secured $7 Million in additional equity and debt funding.
According to the company, the new financing from LiveOak Venture Partners and Chevron Technology Ventures will help support the growth of the NSS Cyber Advanced Warning System launched by the company last month.
NSS describes the platform as a real-time situational awareness tool that provides users the critical information they need to change their security posture before an attack.
“Based upon real-time attacks and security product capabilities, this tool warns users when they are at risk of being breached,” the company explained. “In addition, executives can use this interactive tool to perform a cyber risk assessment, understand their exposure, and develop a strategic plan.”
“By having a clear understanding of what exploits are bypassing security products and which operating systems and applications are at risk, we can help our clients evaluate their security posture with actionable data they can take into the boardroom,” Vikram Phatak, Chief Executive Officer at NSS Labs, said in a statement.
The new investment is a continued commitment to NSS Labs from LiveOak Venture, which led a $4 million investment in the company in late 2013.
As part of the financing, Ben Scott, General Partner of LiveOak Venture Partners, joined the NSS Labs Board of Directors. Bob Grazer, Venture Executive at Chevron Technology Ventures, has been named an observer on the NSS Labs Board of Directors, the company said.
