# Grey Market Labs

> Grey Market Labs, a McLean, Virginia public benefit corporation now operating as Replica Cyber, sells Secure Environments-as-a-Service: fully isolated, full-stack computers - operating system, network, apps and data - that spin up in minutes, keep the user unattributable, and vanish when the job is done. Built on 18 patents and two decades of intelligence tradecraft, its Replica platform is used by Fortune 100 banks, healthcare systems, and government agencies including the US Army to run fraud investigations, OSINT, malware detonation and AI experiments without exposing their real infrastructure or identity.

- **Founded:** 2017
- **Headquarters:** McLean, Virginia, United States
- **Founders:** Kristopher Schroeder (CEO and Founder), Ryan Underwood (CTO and Co-Founder)
- **Team size:** ~8 employees
- **Products:** Replica Platform, Managed Attribution, Enterprise Observability & Governance, Advisory & Tradecraft Services
- **Notable:** 18 issued patents on secure environment technology, $8M Series A led by Capri Ventures (November 2024), Certified B Corporation and Public Benefit Corporation

## Products & services

- **Replica Platform** — Secure Environments-as-a-Service. Instantly deploys full-stack isolated workspaces - operating system, network, applications and data - built on Zero Trust architecture, delivered as SaaS or hosted service, with rapid deployment measured in minutes rather than months.
- **Managed Attribution** — Built-in unattributable access so users can research and investigate on the open, deep and dark web without revealing their real identity, location or organization.
- **Enterprise Observability & Governance** — Complete auditability, chain of custody, compliance reporting and automated data governance across every isolated environment via an open API architecture.
- **Advisory & Tradecraft Services** — Consulting and operational tradecraft that pairs with the software and hardware to design secure workflows for high-risk digital operations.

## Achievements

- 18 issued patents on secure environment technology
- $8M Series A led by Capri Ventures (November 2024)
- Certified B Corporation and Public Benefit Corporation
- Reported 99.73% reduction in IT burden for standing up secure environments
- Deployments across Fortune 100, major financial institutions, healthcare systems and government agencies
- Defined and evangelized the 'Secure Environments-as-a-Service' category
- Rebranded from Grey Market Labs to Replica Cyber in March 2025

## Latest updates

- **2025-03** — Grey Market Labs evolved its brand to Replica Cyber, citing 18 issued patents and an expanded mission to enable secure high-stakes work in untrusted digital territory.
- **2024-11** — Closed $8M Series A led by Capri Ventures with Blu Ventures and AFG; added Andy Brown and Dennis Shaya to the board and a slate of industry advisors.

## Links

- Website: https://greymarketlabs.com
- LinkedIn: https://www.linkedin.com/company/greymarketlabs

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Profile page: https://yespress.io/grey-market-labs
Published by YesPress — https://yespress.io
Last updated: 2026-08-19