London-based Labrys, which offers a secure platform to manage, verify, and pay global teams, has raised $20 million in a Series A round. The funding will be used to scale and enhance its Axiom platform.
- Established in 2020 by August Lersten and Luke Wattam, Labrys develops Axiom, a secure workforce management platform designed to help organizations verify, support, and pay their globally dispersed teams.
- Axiom enables clients to save time, reduce costs, and minimize risks when managing large-scale, borderless operations. The platform integrates four key functions:
- Verify users through biometric enrollment, device and location authentication, and identity checks to ensure security in low-trust environments.
- Visualise teams, tasks, and data on an interactive global map for real-time coordination.
- Engage by enabling communication, task assignment, and verified feedback in over 249 languages via auto-translation.
- Pay teams instantly and securely using blockchain-based stablecoin payments.
- Axiom is made up of two applications: Axiom C2, a control center for managing teams and data, and Axiom Communicator, a secure app for users on the ground.
- Labrys serves clients in sectors such as security, humanitarian aid, government, and program delivery, providing a resilient and compliant solution for managing workforces in volatile and high-risk environments.
"We are tackling some of the hardest technical problems in this space, such as Command & Control AI-augmented planning, applied real-time strategy gaming interface design, compliant global digital payments, and resilient communications. And our technology has already been battle-tested in situations where failure is not an option," co-founder and CEO of Labrys, August Lersten, commented.
Details of the deal
- The Series A round was led by Plural, which recently secured its second fund of €400 million to drive a GDP-level impact in Europe, with participation from AlbionVC and Superangel, alongside existing investors Project A, Expeditions Fund, and MD One Ventures.
"Labrys is a rare type of defence tech company building a product that is useful for that other 99% of the time: a software platform designed to coordinate global security teams, civilian and defence networks that have to be persistently engaged everywhere, and all the time, both in times of peace and in conflict," claims Sten Tamkivi, Partner at Plural.
- Labrys will use the $20 million to accelerate Axiom’s development, expand partnerships, enhance secure payments and AI features, and grow its team.
