CAT Labs Pioneers Crypto Crime Fighting Tools with M13 Ventures Investment
Deal News | Dec 04, 2024 | M13 Ventures Management LLC
M13 Ventures Management LLC has led a $5.4 million seed investment in CAT Labs, a company that specializes in developing tools to fight cybercrime, particularly in the misuse of emerging technologies such as cryptocurrency, AI, and quantum computing. CAT Labs, founded by Lili Infante, a former DEA Special Agent for the US Department of Justice, harnesses a wealth of expertise in crypto-enabled crime. The team includes former investigators and technologists from notable government agencies and academia, focused on creating tech-enabled solutions for a significant global cybercrime problem expected to reach $10 trillion by 2025. CAT Labs' flagship product, Recovery CAT, is already aiding federal and state agencies by automating investigations and assisting in the seizure of illicit crypto assets. Support for quantum-resistant technology development, with backing from the US National Science Foundation, further positions CAT Labs to address evolving global threats. Co-investors in this initiative include Castle Island Ventures, CMT, and Hash3.
Sectors
- Cybersecurity
- Technology
- Finance and Investment
Geography
- United States – The article features M13 Ventures and CAT Labs, which are both based in the United States, and references US governmental bodies involved in combatting cybercrime.
Industry
- Cybersecurity – The article discusses CAT Labs, a company addressing cybercrime and its developments in creating tools to combat the misuse of emerging technologies like cryptocurrency, AI, and quantum computing.
- Technology – CAT Labs is involved in developing high-tech solutions including tools for law enforcement and private industry to counter cryptocurrency and AI misuses, characteristic of the technology industry.
- Finance and Investment – The article focuses on M13 Ventures' seed investment in CAT Labs, indicating participation within the finance and venture capital sectors.
Financials
- $5.4M – Seed round investment amount led by M13 Ventures in CAT Labs.
- $10T – Projected global problem size of cybercrime by 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M13 Ventures Management LLC | Lead investor in seed round | Company | A private equity firm leading the seed investment round for CAT Labs. |
| CAT Labs | Target company | Company | A company developing tools to fight cybercrime with a focus on cryptocurrency, AI, and quantum computing misuse. |
| Lili Infante | Founder & CEO | Person | Founder and CEO of CAT Labs with a background as a DEA Special Agent specializing in crypto investigations. |
| Castle Island Ventures | Co-investor | Company | A venture capital firm participating in the seed round for CAT Labs. |
| CMT | Co-investor | Company | A participating company in the investment round for CAT Labs. |
| Hash3 | Co-investor | Company | A venture capital entity investing alongside M13 Ventures in CAT Labs. |
| US Department of Justice | Former employer of Founder | Government | The government agency where Lili Infante previously worked as a DEA Special Agent. |
| US National Science Foundation | Funding support | Government | Supports CAT Labs' development of quantum-resistant technology. |