CYSEC strengthens its equity base with the support of Karista’s NewSpace fund

CYSEC announces it has raised an additional €2m from Karista. The bulk of these funds will be invested in NewSpace and in the deployment of cybersecurity solutions in the space industry. The company also plans to bolster its sales and to recruit new talents. This new fundraising is additional to the €6.7m raised in recent years. 


Lausanne, 26 October 2022 – CYSEC, a European company specialized in data protection, in particular confidential computing, announces it has raised €2m with the support of Karista. This additional funding is earmarked to spur the company’s growth on the NewSpace market, where it already has a large footprint. CYSEC also intends to reinforce its sales teams in France and to recruit new engineers and sales professionals. 

“In the current geopolitical context, marred by cyber belligerence, companies and nations have made a priority of protecting satellites and space-based data. Our ARCA Trusted OS solution makes it possible to secure these critical infrastructures’ sensitive data, both on land and in the edge”, stated Yacine Felk, COO and co-founder of CYSEC. “Karista’s support will help us develop our offers and spatial cybersecurity services, as well as reinforce our strategic partnerships in France and Europe. We are happy to have such investors,” he added. 

In this fast-growing market, one of CYSEC’s strengths lies in its various partnerships with key industry actors, starting with the European Space Agency (ESA), which has supported the company in several strategic projects since 2020. 

In parallel, since 2019, CYSEC has built a client base and honed expertise unrivaled in Europe for the protection of data obtained through NewSpace missions. These require a more modern approach than traditional space missions, which fits perfectly with CYSEC’s corporate philosophy – to combine cybersecurity and performance. NewSpace commercial operators are pleased to take new technologies drawing on cloud computing on board their satellites. CYSEC is well-versed in this environment to which its security products are perfectly adapted. An early version of CYSEC’s edge computing was embedded on board a SpaceX rocket in January 2022 to be tested in true space conditions.

“NewSpace has grown at a brisk pace in recent years. It has become absolutely essential to protect sensitive data in space in a context of increasingly varied and rapidly evolving threats. Companies and institutions alike face major security and sovereignty challenges. We are pleased to support CYSEC in deploying its products, which are designed to meet this challenge,” declared Karista Investment Director Michael Thomas and Managing Partner Yvan-Michel Ehkirch.  

For more information watch the full interview of Yacine Felk on BFM Business here

In other news

In April, CYSEC will organize in Paris (Station F) the 3rd edition of the CYSAT, the leading European forum dedicated to cybersecurity in the space industry. The event gathers the space and IT security communities to build a European ecosystem to meet the current and future challenges facing the European space industry.

About CYSEC 

CYSEC SA is a European data protection company whose mission is to shorten time-to-market for innovative services by facilitating their integration into a trusted cloud computing environment both on premises and on the edge. CYSEC provides services to various sectors – from financial services and critical infrastructure (IoT) to the space industry – through ARCA Trusted OS, an operating system that protects sensitive data at runtime via confidential computing.

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About Karista

Karista is a Venture Capital firm investing in early-stage companies in France & Europe, especially in the fields of Digital, DeepTech, Healthcare and SpaceTech. Karista has financed ventures such as Sequans Communication (NYSE Listed SQNS), Nanobiotix (Nasdaq Listed NBTX) or Comitéo (sold to Natixis). Since its inception in 2001, Karista has supported more than 100 companies in Europe and generates a sustainable performance for its investors. CosmiCapital, Karista’s SpaceTech fund, invests in the Space economy currently boosted by the growing amount of data from satellites. As a strategic partner to entrepreneurs, the Karista team is recognized for its complementary skills and unique network.

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