xorlab builds a security SaaS platform that uses machine learning and advanced software analysis to identify and stop emerging attacks on employees, including ransomware and spear‑phishing. The company focuses on enterprise communication defense and an email security solution designed to stop zero‑day and low‑volume personalized attacks. xorlab says its product was built from the point of view of an attacker to detect advanced attacks other solutions miss. Many large Swiss companies (including Julius Bär, Swiss Post, SBB, Swisscom and Implenia) use xorlab to protect employees and automate internal security workflows. The company plans to expand its team and technology, accelerate international expansion across Europe and beyond, and continue product innovation. xorlab was founded in 2015 by ETH Zurich graduates Antonio Barresi and Matthias Ganz and has won Venture Kick and other national recognition. xorlab builds ActiveGuard, a platform aimed at keeping enterprise email and corporate communications safe. The company has found product–market fit in the enterprise market and is focusing on finance, logistics and health sectors. xorlab plans to continue hiring talent to accelerate growth and deliver on its promise of safer corporate communications. The startup raised more than CHF 1.2 million from existing shareholders and new investors to support those plans. xorlab was founded in 2015, was a Venture Kick winner in 2016, and has been among the TOP 100 Swiss startups for several consecutive years. The CEO expects growing sales and revenue and the company is preparing a Series A in Q2/3 2021 to scale enterprise email protection. xorlab is an ETH spin-off that develops machine-intelligent email security solutions. Its security platform, ActiveGuard, detects and filters known and unknown email attacks—including phishing and malware—by analyzing attachments at runtime using machine learning and advanced algorithms. The Zurich-based startup counts private bank Julius Bär, software provider Netcetera and an undisclosed top-five Swiss bank among its customers. CEO and cofounder Antonio Barresi highlighted cybercrime as a major problem for the economy. xorlab announced it raised 1.9 million Swiss francs in a financing round featuring Zürcher Kantonalbank, Hasler Stiftung and veterans from the security and financial-services industries. The capital will be used to accelerate xorlab’s market expansion. Xorlab is a Swiss IT security company that develops dynamic IT security products and services for businesses. Its flagship product is a hardware appliance that integrates into customers' networks to scan data from external websites and email attachments (PDFs, Word, Excel) for threats. The solution is designed to protect organizations against client-side attacks such as spear phishing, watering hole attacks, and drive-by infections that can open pathways into an organization's IT infrastructure. The company already has two pilot customers and plans to deploy its first beta version in a productive environment. Xorlab was awarded CHF 130,000 by the Venture Kick competition as pre-seed capital. Venture Kick also provided direct feedback, mentoring at Kickers' camps and access to a national investor network through its philanthropic private consortium.

Total raised

$10M

Funding rounds

4

Latest round

Series A

Latest activity

Oct 2021