CAT Labs, a startup building forensic and cybersecurity tools to fight crypto-enabled crime, has bagged $4.3m in its pre-seed round.
The round was headed by Castle Island Ventures, Brevan Howard Digital, RW3 Ventures and CMT Digital.
Other participating investors include Newark Venture Partners, Hash3, Borderless Capital, Cryptoverse Ventures, and Outshine Ventures.
Founded by Lili Infante – a former DOJ special agent – CAT Labs is building digital asset recovery and cybersecurity tools to enable governments to fight crypto crime.
CAT Labs’ digital asset recovery tool specialises in finding, identifying, analysing, and seizing digital assets in criminal cases, allowing US government agencies, state, and local police departments, as well as US-allied countries, to accurately and efficiently process digital assets involved in criminal investigations.
CAT Labs claims it is building proactive cybersecurity tools to prevent hacks, scams, and fraud from happening in the first place and protecting investors from digital asset theft. Their cybersecurity offering includes a range of solutions from virtual cybersecurity support for crypto firms to specialized crypto cybersecurity tools.
The CAT Labs cybersecurity team is already working closely with private sector customers to resolve highly-visible hacks and harden the cybersecurity system.
Infante said, “The explosion of crypto-targeted crimes like hacks, scams, and fraud is the biggest threat to the Web3 and DeFi revolution. We at CAT Labs see the incredible potential of distributed ledger technology as the future of the digital world.
“Our elite team of crypto forensics and cybersecurity professionals is working tirelessly to make this industry safe and secure by building tools to enable law enforcement to address crypto-enabled crime and by protecting investors from digital asset theft.”
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