Finnish startup Xiphera raises funding to protect critical systems by designing security directly into hardware
Summary
Helsinki-based startup Xiphera closes its first investment round led by Nordic VC Fund Gorilla Capital with the participation of Korpun Seed Ltd from SijoittajaPRO Corporate Finance and \xc4\xe4kk\xf6set Oy. Founded by Matti Tommiska and Kimmo J\xe4rvinen, Finnish company designs hardware-based security solutions using proven cryptographic algorithms. Additional individual investors also joined the late seed financing round totalling 480k.Xiphera is a bootstrapped company and it has focused on organic and profitable growth during its entire history. I am absolutely confident that we will be the leading provider of secure and high performance cryptographic Intellectual Property cores for FPGAs and ASICs.Scaleup companies benefit greatly from the right network and supporting connections for their business to grow and succeed. We proudly announce that we have no deep understanding about cybersecurity, but we trust the team of Xiphera and that is why we invest says Matias Itkonen, SijoittajaPRO Corporate Finance / Korpun Seed Ltd.Nobody can ignore data protection and privacy.