Protos Labs, an innovative cyber risk management firm, has successfully raised S$3 million in a seed funding round. The company aims to use this capital to accelerate global expansion and further develop their product, setting their sights on transforming the cyber insurance and risk management sectors.
Addressing the ever-evolving cyber risk landscape, Protos Labs integrates artificial intelligence, statistical modelling, threat intelligence, and cyber risk management. This approach equips organizations with the tools to make agile risk decisions in response to the rapidly changing cyber threat scenario.
The funding round attracted prominent investors such as BEENEXT, VinaCapital Ventures, Artem Ventures (with FWD Insurance), Plug and Play Silicon Valley, Investible, Gan Konsulindo, 1337 Ventures, and Gobi Partners.
Faiz Rahman from BEENEXT commented on the company’s promising future in cyber risk management, while Low Zhen Hui of Artem Ventures highlighted the growing need for such tools in Southeast Asia’s expanding digital economy. Trung Hoang of VinaCapital Ventures emphasized Protos Labs’ potential role in Vietnam’s digital transformation and cybersecurity enhancement.
Founded by former Booz Allen cyber leaders, Joel Lee and Simeon Tan, Protos Labs focuses on cyber risk analytics, offering dynamic solutions to insurers and enterprises globally.