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Quolab Technologies

Quolab Technologies
Startup Name: Quolab Technologies
Country: United States
Date Founded: /6/2020
Financial Stage: Round A
Area: Defence (cybersecurity, defence innovation)

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QuoLab Technologies is comprised of a diverse group of cyber operators, software engineers, data scientists and analysts devoted to creating innovative solutions to big/complex data management, visualization, analysis and sharing challenges in the cyber security space.
QuoLab reduces traditional people, process, and technology inefficiencies through a unified cyber operations platform. We automate the management of threat information, cases and incidents by fusing external threat intelligence (TI) feeds, information silos, security tools and ad-hoc data operations in a unified environment.
The cyber security market is overloaded with too many products, duplicative data
feeds focused on sourcing and isolated analytic pipelines, identifying, and remediating cyber threats. QuoLab's eXtended Security Intelligence & Automation Management (XSIAM) solution automates threat management and enhances incident response operations in a source and tool agnostic manner. XSIAM combines the strengths of XDR (eXtended Detection and Response), TIP (Threat Intelligence Platform) and DFIR (Digital Forensics and Incident Response) solutions in a unified threat data management, visualization, and reporting framework. The result is less time wasted, better use of resources and more effective cyber monitoring and response operations.
Shortcoming in the market: 1.Fragmented Cyber Operations: Tools, data and operational processes run uncoordinated, which results in significant risk of compromise. 2. Segregated Data Silos: Organizations are flying blind to threats when threat intelligence, security control, and service provider data are unconnected resulting in risks unmitigated. 3. Tool Alert Volume: Overwhelming number of alerts from controls centered on time consuming manual analysis, resulting in leadership being uniformed, threats unresolved.
XSIAM’s core functionality is needed to help organizations improve their security posture, reduce security risks, improve service provider oversight, enact better governance and control, and increase modern 24/7 security operations centers (SOC) operational agility.
We sell full fledge tailored cyber security enterprise solutions to our customers in multiyear licensing SaaS solutions. We are generating 2m USD revenues in 2023 and already have signed contracts for 2024 in place that will bring us across the 10m USD line. Our contracts are typically setup for minimum 3 years, resulting in recurring revenues of over 90%.

Addressable market size in USD: 300 bil (Source)


Our b-to-b clients typically range from midcap up to blue chips to public entities. They benefit from our experience crafting and delivering scalable, distributed data handling and processing solutions tailored to their needs.
Our SaaS offering brings enterprise class threat intelligence & data management. Clients can immediately access premier services, data feeds and technologies. Public/private partnerships, sharing communities and vendor teams collaborate in a secure ecosystem powered by our multi-tenant ecosystem.
The increasing threat situation led to an overwhelming demand over the last 12 months. With Dell Inc., being a hardware provider that currently enriches its hardware with our software solutions we are seeing an enormous momentum for our solution.
We've established a core team (sales, development and operations) in the US and in Europe and have onboarded highly reputized value added resellers (VAR). The latest achievement was the contractual relationship to Dell, resulting in significant revenue increase and business potential for 2024, being added to their OEM list.

Financing Stage:

Seed:
Raised money:  8'000'000 USD
Valuated at:  10'000'000 USD
Investor:  Mercurius AG
Closing Date:  31.12.21
Post seed:
Raised money:  500'000 USD
Valuated at:  12'500'000 USD
Investor:  Private Investor
Closing Date:  30.06.2022
Round A:
Raised money:  1'200'000 USD
Valuated at:  15'000'000 USD
Investor:  Tedco Venture Fund
Closing Date:  30.04.2023
Current Revenue:
Current Year:  6'000'000 USD
1 year ago:  1'200'000 USD
2 years ago:  500'000 USD
3 years ago:  100'000 USD
Next year expected revenue:
10'000'000 USD
Development Stage:
Post-revenue
Аre you in currently in an open Investment round?
Yes
What is the company valuation for this round by the lead investor?
20'000'000 EUR
What is the amount of financial commitments you have so far?:
500'000 EUR
What would be ideal amount of financing via the Founders Games?:
1'500'000 EUR
Who is the lead investor for your round?:
N/A
Team member 1: Daniel Young
Position: CEO
LinkedIn Profile: View Profile »
Bio: Experience:
Nov 2019 - present: founder and since 2020 CEO of Quolab
Dec 2018 - Nov 2019: Quoscience, Director of Cyber Operations
Jan 2015 - Jan 2018: United States Department of Defense: Regional Operations Manager, Europe
Aug 2012 - Jan 2015: United States Department of Defense: Senior Digital Forensics Analyst
Fort George G Meade, Maryland
May 2006-Aug 2012: Digital Forensics Analyst, United States Air Force, Fort George G Meade, Maryland

Education:
American Military University: Bachelor of Arts - BA, Near and Middle Eastern 2009 - 2011
Community College of the Air Force: Associate of Science - AS, Information Technology
Team member 2: Andreas Pankow
Position: CFO
LinkedIn Profile: View Profile »
Bio: Experience:
2023-Present: CFO at Quolab
2020-2023: CEO DGC Group, cyber security SaaS and service provider in Europe, Middle East and USA
2017-2019: Stonehage Fleming, Regional Manager DACH. Responsible for DACH region as well as for family office investments in PE, VC
2002-2017: Various roles at UBS and Credit Suisse in the VC and PE space
Education:
1998-2002 MBA in Finance from European Business School, Oestrich-Winkel, Germany
Team member 3: Tiago Marques
Position: CTO
LinkedIn Profile: View Profile »
Bio: Experience:
2021-Present: CTO at Quolab
2019-2021: Quoscience: Senior Software Engineer
2018-2019: ApfAnalytics: CTO
2017-2018: Pathfinder Software Ltd.: CTO

Education:
2013-2016: Universidade da Beira Interior
Bachelor's Degree, Computer Science