NSS Labs, a US-based information security product testing and advisory services provider backed by energy company Chevron, raised $16m in equity and debt financing on Monday.
Equity funding and liquidity provider Delta-v Capital led the round, which also featured venture capital firm LiveOak Venture Partners.
NSS has built a cloud-based security and risk management software platform called Cyber Advanced Warning System that provides cybersecurity product testing, product monitoring and analyst services. The capital will be used to increase capacity to meet demand for the product.
LiveOak supplied $4m in series A funding for NSS in 2013 before joining Chevron’s corporate venturing unit Chevron Technology Ventures for a $7m series B round the following yearin April 2015.
Vikram Phatak, chief executive of NSS Labs, said: “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.”