Cybersecurity solutions Grey Market Labs (dba Replica Cyber) announced it has raised $8 million in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to advance the adoption of its platform Replica. This funding will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in a vulnerable digital landscape.
With this funding round, Andy Brown, CEO of SandHill East, former CTO of UBS, and current ZScaler and PureStorage board member, will join the Board of Directors, as will Dennis Shaya, Partner at Capri Ventures. And Don Duet, Former Head of Technology at Goldman Sachs, and Tim Estes, founder of Angel Kids AI and former CEO at Digital Reasoning, will be joining the advisory board, complementing an already strong team including Christopher Caine (CEO – Mercator XXI), Gary Cubbage (fmr. EVP – Booz Allen Hamilton), Nick Donofrio (fmr. EVP Innovation – IBM), Todd Helfrich (VP Federal – Censys).
The Replica platform provides Secure Environments-as-a-Service, revolutionizing how organizations protect and enable high-risk activities. And this includes targeting Russian disinformation campaigns in Ukraine, safe testing of new tech with proprietary data, disrupting financial scams and fraud aimed at seniors, and identifying and mitigating insider threats within organizations, among other scenarios. Replica quickly creates realistic IT environments that encompass hardware, operating systems, applications, networks, and data layers by utilizing patented technology, intelligence tradecraft, and Zero Trust architecture. This solution protects user and organizational privacy and delivers the data, tools, and workflows needed for users to be productive in their most sensitive work.
Working as both a SaaS product and a hosted service, Replica enables secure work even in a global ecosystem while reducing the burden on the IT organization. The platform’s flexible architecture supports rapid deployments (noted as some of the fastest in Financial Services), continuous updates, and seamless integration with existing enterprise services, including single-sign-on, proxies, and data governance. Plus, Replica offers rich audit and reporting functionalities to ensure compliance with regulatory standards and provide the critical observability needed for leadership.
KEY QUOTES:
“Replica is the culmination of over 20 years of experience in embedded tradecraft, intelligence operations, and cutting edge software. Our engineering team, with extensive backgrounds in offensive and defensive cyber warfare, has developed a product that is comprehensive with the protection and efficiency needed for today’s enterprises and their users.” Schroeder goes on to say, “This funding will allow Grey Marketing Labs to accelerate our vision to deliver even more impactful solutions for our customers.”
– Kristopher Schroeder, CEO of Grey Market Labs
“We are thrilled to support Grey Market Labs in their mission to redefine cybersecurity with the Replica platform. Their innovative approach and deep expertise position them as a frontrunner in the industry, especially financial services, and we believe this partnership will drive significant advancements in digital privacy and security.”
– Dennis Shaya, Partner with Capri Ventures
