Singapore-based cyber insurtech company Protos Labs announced that it has raised SG$3 million (US$2.2 million) in seed funding.
The seed round was joined by 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 said that it plans to use the funds to accelerate its global expansion and product development.
Founded by Joel Lee and Simeon Tan, Protos Labs’ solutions combine artificial intelligence, statistical modeling, threat intelligence, and cyber risk management to help enterprises and insurers make informed and agile risk decisions.
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