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§ Private Profile · Lausanne, Switzerland
The independent financial regulatory authority of Cyprus, supervising investment services, stock exchange, and protecting investors in EU markets.
The Cyprus Securities and Exchange Commission (CYSEC) is an independent financial regulatory authority based in Nicosia, Cyprus, that supervises the investment services market, transferable securities transactions, and related financial entities. Operating as a public corporate body funded by regulatory fees, the agency generates $73.7 million in annual revenue, has raised under $5 million in total funding, and maintains a workforce of 143 employees. The organization grants licenses and enforces strict compliance with EU MiFID regulations across various financial sectors, including forex brokers, binary options providers, and collective investment funds. CYSEC oversees operations for the Cyprus Stock Exchange and is governed by a Board appointed by the Council of Ministers, previously led by Chairwoman Demetra Kalogerou. The regulatory body was established in 2001 under the Cyprus Securities and Exchange Commission Law by the Republic of Cyprus.
CYSEC has raised $8.4M across 3 funding rounds.
CYSEC has raised $8.4M in total across 3 funding rounds.
CYSEC has raised $8.4M across 3 funding rounds. Most recently, it raised $2.0M Other Equity in October 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 27, 2022 | $2M Venture Round | Yvan Michel Ehkirch | — | Announced |
| Oct 1, 2022 | $2M Seed | — | Karista | Announced |
| Jan 20, 2022 | $4.4M Seed Plus | Patrick Nicolet | 4See Ventures, Blockchain Valley Ventures, Boundary Holding, Cosimo Calcagno, Oryzn Capital | Announced |
CYSEC has raised $8.4M in total across 3 funding rounds.
CYSEC's investors include Yvan-Michel Ehkirch, Karista, Patrick Nicolet, 4See Ventures, Blockchain Valley Ventures, Boundary Holding, Cosimo Calcagno, Oryzn Capital.
CYSEC is a European cybersecurity company founded in 2018, headquartered at the EPFL Innovation Park in Lausanne, Switzerland, with operations in France, Italy, and the UAE.[1][2][3][4] It specializes in high-performance, end-to-end cybersecurity solutions for space internet infrastructure, critical infrastructure, cloud, and edge computing, protecting sensitive data in use through its flagship product, ARCA Trusted OS—a hardened Linux-based operating system with secure Kubernetes orchestration enabling confidential computing.[2][3][8] Serving sectors like defense, healthcare, fintech, and newspace missions, CYSEC solves the vulnerability of data during execution by providing hardware-based Trusted Execution Environments (TEEs) that ensure confidentiality, integrity, and robustness across data centers, public clouds (e.g., Google Cloud), and edge devices.[2][4][8] The company has demonstrated strong growth, expanding from 2 founders to over 35 employees, securing deployments in Europe, the Middle East, and Asia with Tier-1 operators, and raising funds including CHF 4 million for European expansion and EUR 2 million for NewSpace growth.[2][3][5]
CYSEC was established in 2018 in Lausanne, Switzerland, initially developing confidential computing solutions for sovereign clouds.[2][1][4] The two co-founders pivoted a few years later to securing space internet infrastructure while participating in the European Space Agency (ESA) Business Incubation Center (BIC), where they created their ARCA SATCOM solution for satellite networks.[2][3][5] Key early milestones include winning the CSO 2019 Award for Innovation in Cybersecurity, ESA contracts (e.g., protecting ship tracking communications), Eurostars Eureka grants for medical IoT security, and Innosuisse funding for post-quantum algorithms.[5] This evolution from cloud-focused R&D to space and edge security was fueled by recognitions like TOP 100 Swiss Startup Award, ITU Innovation Challenge, and EIT Digital Challenge finalist status, alongside accelerator programs such as Tech4Trust and ESA-BIC.[3][5] The company's growth accelerated with international deployments and funding rounds, including CHF 500,000 from FIT and CHF 4 million for digital assets and edge computing expansion.[3][5]
CYSEC rides the explosive growth of confidential computing (projected 53.3% CAGR to 2030) and space internet trends, where satellite networks (e.g., for global connectivity) face rising cyber threats amid expanding edge computing and big data security markets (12.6%-24.1% CAGRs).[5][8] Timing is critical as NewSpace proliferation, sovereign clouds, and 5G/6G edge deployments demand "data in use" protection—CYSEC's TEEs bridge security gaps that block cloud/edge adoption for sensitive sectors like defense and healthcare.[2][4][8] Market forces favoring it include ESA support, geopolitical pushes for digital sovereignty, and post-quantum needs, positioning CYSEC to influence ecosystems via tools that enable secure collaboration, AI-driven analytics, and monetization of high-value data.[3][5][8] By hosting CYSAT and integrating with platforms like Google Cloud, it shapes standards for space cybersecurity and confidential computing in Europe.[3][8]
CYSEC is poised for accelerated growth in the NewSpace and edge security boom, leveraging recent funding and ESA ties to expand ARCA deployments globally, particularly in Asia and Middle East Tier-1 networks.[2][3] Trends like satellite mega-constellations, confidential computing maturation, and AI on protected edge data will propel it, potentially capturing shares in the $multi-billion confidential computing market.[5][8] Its influence may evolve from niche innovator to ecosystem leader, standardizing space cyber defenses and powering secure sovereign infrastructures—building on a foundation of rapid scaling from founders' vision to multi-country operations, CYSEC exemplifies how targeted cybersecurity unlocks frontier tech potential.[1][2][5]