Friday, February 23, 2024
HomeFunding London-based Labrys Technologies Secures $5.5M in Seed Funding

[Funding alert] London-based Labrys Technologies Secures $5.5M in Seed Funding

London-based Labrys Technologies Secures $5.5M in Seed Funding. Project A Ventures led the financing, and investors with a global focus on defence technology, such as MD-One, Offset Ventures, Marque Ventures, and Expedition Fund, also participated.

London-based Labrys Technologies Secures $5.5M in Seed Funding. Project A Ventures led the financing, and investors with a global focus on defence technology, such as MD-One, Offset Ventures, Marque Ventures, and Expedition Fund, also participated.

Read also – Delft-based Orbital Eye Secures €2M in a Fresh Round of Funding

With the money, the firm plans to expand its commercial and engineering teams as well as concentrate on implementing a roadmap of technological feature integrations, which includes the preliminary development of an autonomous mission network capability.

Labrys is developing a revolutionary Command and Control (C2) Software Application for Defence and Dual-Use scenarios, under the direction of August Lersten and Luke Wattam. The application will be used to manage secure verification, tracking, tasking, and payment of teams operating around the globe.

Read also – London-based Fyde Treasury Secures $3.2M in Seed Funding

With the use of this platform—which has previously shown to be an operationally tested solution—Defense and commercial entities can more quickly, securely, and compliantly manage and coordinate a globally dispersed workforce through a single interface.

Before receiving money from its seed round, Labrys was already overseeing a number of multi-million pound contracts that were divided among the commercial (financial services), humanitarian (international development), and defence (military) sectors.

Read also – London-based Peach Worlds Secures USD$540K in Pre-Seed Funding

About Labrys

Labrys offer a variety of SaaS products to their clients in the public and private sectors, equipping them with the tools they need to dynamically manage individuals and teams of any kind, anywhere. Their cloud-native enterprise management platform, which was constructed specifically from a range of cutting-edge technologies, is focused on network visibility and cross-functional management architecture.

Read also – Stockholm-based Hadean Ventures Secures Hadean Capital II, at EUR 144M

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular