CAT Labs, a Miami, FL-based company building tools to fight the misuse and abuse of emerging technologies like Crypto and AI, raised $5.4M in Seed funding.
The round was led by M13. Existing Pre-Seed investors Castle Island Ventures, CMT Digital and Hash3 also participated.
The company intends to use the funds to expand its business reach.
Led by CEO and Founder Lili Infante, CAT Labs develops tools to help government agencies and private industry players fight the misuse and abuse of emerging technologies, with a focus on countering the nefarious use cases of cryptocurrency, AI, and quantum computing.
The company’s flagship product, Recovery CAT, currently supports multiple federal and state/local government agencies and helps investigators automate and scale investigations involving cryptocurrency, making it easier to find, identify and seize illicit assets. Asset recovery and seizure is a key tool in depriving criminals of their ill-gotten gains and returning stolen funds to victims, and CAT Labs’ technology scales this process to meet the growing threat landscape. In furtherance of this effort, CAT Labs also developed a 3-day Digital Asset Seizure Certification Course for law enforcement to teach crime fighters how to triage their cases for seizable crypto assets and illicit finance leads.
The company is also developing quantum-resistant technology for cryptographic key backup and recovery with support from the U.S. National Science Foundation, helping to address future global threats posed by quantum computing.
