Xorlab closed CHF 6.1 million in Series A funding round led by EquityPitcher Ventures.

Xorlab, a Zurich, Switzerland-based cybersecurity startup announced raising CHF 6.1 million ($6.6M) in a series A funding round.

The money was raised from investors led by EquityPitcher Ventures and completed by existing investors Spicehaus Partners, Zürcher Kantonalbank and Hasler Foundation.

The proceeds will be used for growth as the company expands its team and technology to support new customers in Europe and beyond.

Xorlab, founded in 2015 by CEO Antonio Barresi and Matthias Ganz, is a cybersecurity startup developing security software solutions for businesses and organizations to protect against sophisticated cyber attacks.

The SaaS platform uses machine learning and advanced software analysis to identify and stop emerging cyberattacks on employees, such as Ransomware and Spear-phishing and helps security teams get back control over their data. Xorlab provides the ability to stop known and unknown attacks in their first phase, before native-code execution is achieved, without the use of signatures or patterns. This removes the need for updates and having to know any details about the incoming attack.

Customers include the private bank Julius Bär, Swiss Post, the Swiss Federal Railway (SBB), the Swiss telecom provider Swisscom and leading construction company Implenia.

Xorlab peviously raised €1.2 million in funding from Spicehaus Partners AG in 2020.