# Spherical Defence Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spherical-defence-labs

- Industry: IT Security/Cybersecurity
- Headquarters: London, UK
- Website: www.sphericaldefence.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Jan 31, 2018)
- Investors on record: 2

## About

Spherical Defence Labs LLC is a cybersecurity firm specializing in AI-driven Web Application Firewall (WAF) solutions to protect APIs and applications, ensuring high-level security for various industries.Founded in 2017 and headquartered in London, UK, Spherical Defence Labs LLC focuses on developing solutions for API security. The company received GBP 2 million in Seed funding in January 2018, led by Point72 Ventures, with participation from Conversion Capital. CEO Dishant Shah leads the firm, while founder Jack Hopkins has a history in technology ventures.Spherical Defence's flagship product is an AI-powered Web Application Firewall (WAF) designed to secure APIs and related applications, such as SaaS and mobile applications. Utilizing unsupervised deep learning, it creates a positive security model in real-time, adapting continuously to new traffic and user behaviors. The solution allows organizations, especially in finance, e-commerce, and healthcare, to protect sensitive data without the need for manual rule definitions.Spherical Defence operates on a subscription model for its WAF, charging clients GBP 1.75 per hour. Their services integrate seamlessly with existing infrastructures, ensuring high levels of security while keeping client data confidential and within their networks. The primary focus of revenue generation is through B2B engagements, serving enterprises that require robust API protection.Spherical Defence intends to leverage the recent GBP 2 million in Seed funding to enhance its product offerings and expand into new markets. The company is currently designing new features for its WAF, with plans to release updates by mid-2024. Additionally, they are targeting geographic expansion into Europe and North America by the end of 2025, aiming to strengthen their client base in sectors requiring critical API security.

## Funding rounds

- Seed, Jan 31, 2018, $2.8M — Conversion Capital, Point72 Asset Management

## Investors

- Conversion Capital (https://capitalatlas.ai/funds/conversion-capital) — Seed
- Point72 Asset Management — Seed