CYSEC develops ARCA, a hardware-based trusted execution environment (TEE) securing sensitive data and workloads with a full stack protection – from hardware, to kernel, to application, on premise, on the cloud and on the edge.
Located at the EPFL Innovation Park in Lausanne (canton of Vaud), CYSEC has closed a seed extension financing round led by Line Break Capital and supported by Indaco Venture Partners SGR, with a fundraising of CHF 4 million. The company welcomes new investors and partners, namely Indaco Ventures I Fund, Blockchain Valley Ventures, Boundary Holding, Horizon Capital, and 4see Ventures.
This additional investment, which brings the total company funding to CHF 7 million, will support the growth of CYSEC in its target markets, namely Digital Assets/DeFi and Edge Computing (including Space), that are facing an exponentially growing amount of data in use, requiring protection for sensitive data.
Protecting digital assets through state-of-the-art security solutions
“Digital assets are quickly becoming a strategic imperative, and CYSEC ARCA creates the necessary virtual sovereignty for sensitive data,” said Patrick Trinkler, CEO and co-founder of CYSEC. “We are glad to add Indaco to our list of investors. With their support, we can bring our state-of-the-art security solution to the market to allow businesses to innovate faster, without compromising data and code security.”
To further strengthen its ambitions in the field of data security in 2022, CYSEC will also be opening new offices in Paris, hence reinforcing its presence in Europe and enabling the start-up to advance its collaboration with the European Space Agency.
