Protos Labs, a Singapore-based cyber risk management company, raised SGD $3M in Seed funding.
Backers included Beenext, VinaCapital Ventures, Artem Ventures (in partnership with FWD Insurance), Plug and Play Silicon Valley, Investible, Gan Konsulindo, 1337 Ventures and Gobi Partners.
The company intends to use the funds to accelerate its global expansion and product development.
Led by Joel Lee and Simeon Tan, Protos Labs is a cyber risk management company that 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. Protos Labs combines technologies in artificial intelligence, statistical modelling, threat intelligence, and cyber risk management, allowing organizations to make informed and agile risk decisions.
The company’s solutions have already been used by leading organizations such as the Lloyd’s of London and the Cybersecurity Agency of Singapore.
FinSMEs
23/10/2023