Newport-based cybersecurity company expanding, including adding a full AI lab

Newport-based cybersecurity company expanding, including adding a full AI lab

Newport City Council is voting Monday to give Newport-based IT and cybersecurity business, Nexigen, up to $5 million in taxable industrial building revenue bonds. The bonds are to help Nexigen expand its company.Currently, Nexigen works out of one building on 11th Street. Soon, though, theyll have two more buildings the old Newport National Bank and an old funeral home, right behind the bank.Were effectively more than doubling our real estate po…