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Fintech

Protos Labs Secures Additional Seed Funding to Revolutionize Cyber Risk Management

Rary Maharani
Last updated: September 4, 2024 12:32 am
Rary Maharani
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1 Min Read
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  • Protos Labs raised SG$3M
  • They’re expanding cyber risk management solutions
  • A2D Ventures joins impressive investor lineup

Contents
Cash injection fuels expansionAI-driven solutions gain tractionImpressive growth trajectory

Cash injection fuels expansion

Singapore-based Protos Labs has added A2D Ventures to its roster of investors in an oversubscribed SG$3 million seed round.

The cyber risk management startup plans to use the funds to accelerate regional expansion and product development.

AI-driven solutions gain traction

Founded by ex-Booz Allen Hamilton experts, Protos Labs offers AI-driven cyber risk solutions for insurers and enterprises.

Their innovative approach has caught the attention of industry giants like Lloyd’s of London and the Cybersecurity Agency of Singapore.

Impressive growth trajectory

The company has achieved 3X year-on-year revenue growth and recently obtained an insurance agency license in Singapore through its subsidiary, Protos Cover.

This latest funding round positions Protos Labs to further strengthen its presence in key markets and advance its mission of delivering holistic cyber risk solutions.

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