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The FIT jury chose to support CYSEC in August 2018 with a CHF 100’000 FIT seed loan. Based on the EPFL Innovation Park, CYSEC provides a novel general-purpose security platform for companies willing to store and manage their digital assets, such as crypto currencies or smart contracts, with the highest level of security.
Nowadays, companies’ digital processes are about optimisation, efficiency and timely execution. Blockchain technology is the best tool for achieving this efficiency. However, security risks are proportional to the advantages of the Blockchain technology. For that, easy-to-use and secure solutions need to be provided.
Created in 2018, CYSEC provides the “chain of trust of tomorrow” to finance, insurance, legal, critical infrastructure, healthcare and IT companies, who use Blockchain for the management of their digital assets. Its cyber-security based product, a hardware and software platform, provides an uncompromised secure and optimal environment for the execution of multiple applications. The final product, named ARCAVault, is a server acting as a Blockchain gateway, which can be either directly integrated in customers’ data centres or used in the Cloud.
The FIT seed loan will help CYSEC finalise the development of their product and validate it with business partners and industrial integrators. CYSEC will also use the funds to promote its novel technology at international cybersecurity fairs. The company joined canton of Vaud’s newest digital innovators platform, vaud.digital.