Protos Labs, a Singapore-based cyber risk management company, has successfully raised SGD $3 million in seed funding
SaaS Investors
Investors include BEENEXT, VinaCapital Ventures, Artem Ventures, and others. Protos
BEENEXT is a venture capital firm investing in early-stage technology startups from India, Southeast Asia, Japan, and the USA.
Founded in 2018, VinaCapital Ventures is a venture capital firm based in Ho Chi Minh, Vietnam. The firm seeks to invest in technology companies operating in Vietnam.
Artem Ventures is a Malaysia-based VC firm that focuses on enhancing entrepreneurs' capacity and capabilities to build sustainable and adaptable businesses.
Protos Labs' Use of Funds
The company plans to use the funding to accelerate its global expansion and product development.
About Protos Labs
Founded by ex-Booz Allen cyber leaders, Joel Lee and Simeon, Protos Labs is a cyber risk management company that combines AI, statistical modeling, threat intelligence, and cyber risk management to help organizations make informed risk decisions and adapt to the dynamic cyber threat environment. Accoladed by the cybersecurity authority in Singapore, Protos Labs specializes in cyber risk analytics, helping insurers to underwrite and price cyber risks while continuously minimizing the risk of a cyber incident. They also empower enterprises with real-time risk governance and visibility capabilities.
Funding Details
Company: PROTOS LABS PTE. LTD.
Raised: SGD $3.0M
Round: Seed Round
Funding Month: October 2023
Lead Investors:
Additional Investor: BEENEXT, VinaCapital Ventures, Artem Ventures, Plug and Play Silicon Valley, Investible, Gan Konsulindo, 1337 Ventures, and Gobi Partners
Company website: https://www.protoslabs.sg/
Software Category: Cyber Risk Management Solutions
Source: https://www.prnewswire.com/news-releases/protos-labs-raises-sgd-3-million-in-oversubscribed-seed-round-to-revolutionize-cyber-risk-management-301963964.html