CAT Labs, a Miami, FL-based startup building tools to fight the misuse and abuse of emerging technologies like crypto and AI, has raised $5.4 million in seed funding.
Investors
The oversubscribed round was led by M13, with continued support from Castle Island Ventures, CMT Digital, and Hash3.
M13 is an early-stage venture capital firm focused on consumer technology. Founded in 2016, the firm provides strategic counsel and operational expertise to help founders grow their companies. M13 invests in sectors such as technology, health, commerce, work, money, Web3, and artificial intelligence, typically at the seed, Series A, and Series B stages.
CAT Labs Use of Funds
The funding will support CAT Labs' mission to equip law enforcement, defense, and intelligence agencies with tools to address the growing threats posed by the nefarious use cases of emerging technologies like cryptocurrency, AI, and quantum computing.
About CAT Labs
Founded by Lili Infante, CAT Labs develops tools to help government agencies and private industry fight the misuse and abuse of emerging technologies, focusing on countering the criminal applications of cryptocurrency, AI, and quantum computing. The company provides tools and training to help investigators identify, seize, and recover illicit assets. CAT Labs also develops cutting-edge solutions, including quantum-resistant technologies and automated investigation platforms like Recovery CAT.
Funding Details
Company: CAT Labs, Inc.
Raised: $5.4M
Round: Seed Round
Funding Date: December 2024
Lead Investor: M13
Additional Investors: Castle Island Ventures, CMT Digital, Hash3
Company Website: https://www.catlabs.io/
Software Category: Cybersecurity and Digital Asset Recovery Solutions
Source: https://www.prweb.com/releases/cat-labs-raises-5-4m-seed-round-to-combat-crypto-and-ai-enabled-crime-302320691.html