Lab 1 rakes in £1m from funding raise

Lab 1

Lab 1, a UK-based firm focused on cyber intelligence, has bagged £1m in a recent investment raise.

The round was led by Alan Morgan, MMC Ventures, Cris Conde and EIC fund SyndicateRoom.

According to FinSMEs, Lab 1 discovers, quantifies and contextualises stolen data on the web and dark web, helping companies visualise exposure and risk in near real time, on any company, across their entire global supply chain.

The company collects compromised and exposed data information on over 20 data classes such as credentials, PII, code and documents, and feeds them into CiGraph, a contextual knowledge graph of global supply chain breaches.

To make it simpler for security teams to turn breach information into action, Lab 1 offers Blast, a real-time alerting service; Radius, a detailed breach incident report, and Fallout, an analysis of the compromised data, including impact assessment combining multiple different data sets to unearth hidden threats and risks. Company Reports present a connected view of all information.

According to Lab 1, it intends to use the newly raised capital to accelerate its product engineering and growth.

Laika, an enterprise-ready compliance platform, recently scored $50m in a Series C funding round.

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