Xorlab’s cyber-attack solution rewarded CHF 130’000

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27.04.2016

Xorlab, a Swiss IT security company that develops and provides dynamic IT security products and services for businesses, has been awarded with 130’000 of the Venture Kick competition.

 xorlab’s innovative software solution protects organisations against so-called “client-side attacks” such as “spear phishing”, “watering hole” attacks or “drive-by” infections, which open up a pathway to an organization's IT infrastructure and are usually the first step in a targeted attack.

The startup product, which is a hardware appliance, can be integrated in the customers’ network and goes beyond conventional computer security solutions. It allows the data coming from external websites and email attachments –PDFs, Word or Excel documents that may have fatal effects on one’s computer – to be scanned to check whether the data is a threat to the organisation’s computers.

The victory at Venture Kick comes at the right time for Antonio Barresi, xorlab’s CEO: “We already have two pilot customers. Now, our objective is to deploy our product’s first beta version in a productive environment.” The help of Venture Kick was substantial for Barresi to achieve his goals: “The direct feedback received at the Kickers’ camps was very instructive and the pressure, a real driver. We were forced to dare the next strategic steps and not only focus on the technology.” 

Venture kick helps potential entrepreneurs by giving them the opportunity to win up to CHF 130,000 in pre-seed capital. Moreover, startups can also use the know-how of experienced experts and entrepreneurs and be granted access to a national network of investors. Venture kick provides a unique and leading approach with a proven track-record of creating new high-tech startups in Switzerland. Venture kick is a philantropic initiative of a private consortium.

In the picture:Team members of xorlab; Marco Nembrini, Matthias Ganz and Antonio Barresi (By:Tina Sturzenegger)

(RAN)

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