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Xiphera designs and licenses hardware-based cryptographic IP cores, providing robust security solutions for embedded systems. The company specializes in creating efficient, high-performance implementations of cryptographic algorithms, including post-quantum cryptography, hardware trust engines, and various security protocols. These offerings are tailored for demanding applications that require strong, hardware-accelerated data protection.
Matti Tommiska and Kimmo Järvinen, who previously collaborated on cryptographic projects in the early 2000s, decided to establish Xiphera in 2016. Their foundational insight stemmed from recognizing a critical market need for specialized, high-assurance cryptographic hardware solutions capable of addressing evolving security challenges in complex digital environments.
The company's cryptographic products serve clients across diverse sectors, including space and satellites, defense, telecommunications, data centers, and industrial automation. Xiphera's overarching mission is to empower its customers to construct secure systems, thereby contributing to the protection and integrity of the increasingly interconnected global landscape.
Xiphera has raised $500K across 1 funding round.
Xiphera has raised $500K in total across 1 funding round.
Xiphera is a Finnish cybersecurity company specializing in hardware-based cryptographic solutions for embedded systems. It develops secure, optimized Intellectual Property (IP) cores for FPGAs and ASICs, implementing traditional and post-quantum cryptography without hidden CPUs or software, targeting sectors like communications, data centers, automotive, space, and IoT.[1][2][3][4] These products solve critical security challenges in performance-intensive environments by enabling quantum-resistant protection, fast time-to-market, and minimized attack surfaces for customers building secure hardware platforms.[2][4] Xiphera serves semiconductor firms, system designers, and industries needing compliant, validated cryptography, with recent growth via partnerships (e.g., Lattice Semiconductor) and funding for advanced tech like Fully Homomorphic Encryption (FHE) accelerators.[3][5]
Founded in 2017 and headquartered in Espoo, Finland, the company has expanded organically through product innovation and global partnerships, maintaining a nimble structure amid employee growth.[1][2]
Xiphera was founded in 2017 in Espoo, Finland, by a team with deep expertise in cryptographic technologies and digital system design.[1][2][3] The founders leveraged their in-house cryptographic competence to address gaps in hardware security for embedded systems, focusing on pure-logic implementations of standardized algorithms directly in FPGAs and ASICs.[2][3] Early traction came from building a broad portfolio of IP cores compliant with standards and CAVP-validated, enabling customers to protect assets without software dependencies.[2]
Pivotal moments include organic international expansion, widening partnerships (e.g., with Lattice for optimized FPGA solutions), and recent funding: Business Finland's €460,470 grant in 2025 for 18-month FHE/ZKP acceleration projects, plus ESA-backed quantum-resilient security for space-grade chips with Frontgrade Gaisler.[2][4][5][6] These milestones underscore Xiphera's shift toward cutting-edge, commercially viable innovations like post-quantum cryptography (xQlave® family).[4]
Xiphera's edge lies in its pure hardware-logic design, delivering high-performance security with simplicity and trustworthiness:
Xiphera rides the post-quantum cryptography (PQC) wave and hardware security boom, driven by NIST-standardized quantum-resistant algorithms amid rising threats from quantum computing.[2][4] Timing is ideal: 5G/edge/IoT proliferation, space commercialization, and AI/data privacy demands (e.g., FHE for encrypted analytics in banking/healthcare) amplify needs for efficient, hardware-accelerated crypto.[2][5] Market forces like semiconductor supply chain vulnerabilities and regulations (e.g., CAVP) favor Xiphera's compliant, optimized solutions over software-heavy alternatives.[1][3]
It influences the ecosystem by partnering with FPGA leaders (Lattice, Microchip ecosystem) and enabling secure SoCs/chiplets for AI, automotive, and defense, positioning Finland as a crypto-hardware hub while accelerating industry adoption of PQC.[1][3][4][6]
Xiphera is poised for accelerated growth through commercialization of FHE/ZKP proofs-of-concept and space-grade PQC, targeting new markets like secure AI edge computing and public-sector privacy tech.[5] Trends like quantum threats, homomorphic encryption mandates, and ESA-funded space security will propel it, potentially via more partnerships or acquisitions in the $10B+ hardware security space. Its influence may evolve from niche IP provider to global leader in trusted hardware roots, delivering "peace of mind" as cyber risks intensify—cementing its role in safeguarding tomorrow's critical systems.[2][4]
Xiphera has raised $500K in total across 1 funding round.
Xiphera's investors include Gorilla Capital.
Xiphera has raised $500K across 1 funding round. Most recently, it raised $500K Seed in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $500K Seed | — | Gorilla Capital | Announced |
