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CYSEC raises USD 531,000 for cybersecurity solution

Start-up CYSEC has received a Tech Growth loan of 500,000 Swiss francs (approximately USD 531,000) from the Foundation for Technological Innovation (FIT). This follows a second full year of strong sales growth.

CYSEC SA has developed an innovative cybersecurity risks mitigation solution which aims at making accessible cybersecurity to all organisations.

With the acceleration of the digital transformation, more and more organisations are deploying critical applications containing sensitive data, which need to be protected by implementing a range of security tools and components. Existing solutions are complex to manage, show very little flexibility, and remain subject to numerous security weaknesses, according to CYSEC.

To facilitate digital transformation without compromising security, CYSEC has developed a new versatile and highly scalable security solution called ARCA, which stores sensitive data and runs critical software in a trusted environment. ARCA provides a whole new level of flexibility and agility and can quickly deploy applications in a secured environment, offering organisations an innovative, easy-to-install and cost-effective way to adapt to changing security and business requirements.

By integrating state-of-the-art certified security hardware, ARCA guarantees the secure hosting of sensitive applications. On the software side, CYSEC's product allows to securely manage access keys, provide encryption and decryption functionalities, as well as digital signatures and other strong authentication services relying on state-of-the-art cryptographic algorithms.

CYSEC has, among others, partnered with industry leaders including METACO, a provider of secure infrastructures for digital assets, Astrocast, a global satellite IoT network provider, Geosatis, a unique IoT devices provider for critical infrastructure and Build38, a leader in the security of mobile applications. This year, CYSEC has also won a contract with the European Space Agency (ESA) to protect ship tracking communications against cyber threats.

Patrick Trinkler, CEO, commented: “We are honoured that FIT has shown its confidence in our company, its innovative technology and future growth plans by granting us this new loan."

CYSEC is a member of the Confidential Computing Consortium to which it expects to contribute with leadership and significant value through its cybersecurity expertise and experience.

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