UK – Labrys Technologies, a London UK-based defence technology startup, raised $5.5M in Seed funding.
The round was led by Project A Ventures, with participation from international DefenceTech focused investors including MD-One, Offset Ventures, Marque Ventures and Expedition Fund.The company intends to use the funds to scale its engineering team, grow its commercial team, and focus efforts on executing an its roadmap of technical feature integrations, including the early-stage building of an Autonomous Mission Network Capability. Led by August Lersten and Luke Wattam, Labrys is building a Command and Control (C2) Software Application for Defence and Dual-Use cases to coordinate secure verification, tracking, tasking and payment of a global workforce of teams. This platform, which is already an operationally proven solution, enables Defence and Commercial entities with access to manage and coordinate a globally distributed workforce through a single interface in a more secure, faster and compliant way.Prior to its seed funding, Labrys was already managing a range of multi-million pound contracts spread between the Defence (Military), Humanitarian (International Development) and Commercial (Financial Services) sectors.22/12/2023
