Protos Labs, a pioneering cyber risk management company, has successfully secured SGD $3 million in seed round funding. This funding will be instrumental in accelerating global expansion and product development as the company endeavors to revolutionize the cyber insurance and risk management sector. Their innovative solutions have already garnered attention from prominent organizations like Lloyd's of London and the Cybersecurity Agency of Singapore.

Protos Labs addresses the challenges posed by the dynamic cyber risk landscape by integrating artificial intelligence, statistical modeling, threat intelligence, and cyber risk management technologies. This approach empowers organizations to make informed and agile risk decisions in response to evolving cyber threats, offering next-generation solutions to both cyber underwriters and enterprise risk managers.

Key investors, including BEENEXT, VinaCapital Ventures, and Artem Ventures, have recognized the importance of holistic risk prevention and transference solutions, reflecting the growing significance of this field.

Protos Labs' mission, led by former Booz Allen cyber leaders Joel Lee and Simeon Tan, is to be at the forefront of the cyber insurance sector in the region, combining AI and cybersecurity to advance cyber risk management and safeguard businesses from real-world cyber threats. This strategic funding round positions Protos Labs to make a significant impact in the field of cyber risk management.