Today, CanaryBit, a cyber security company that delivers products and services based on Confidential ComputingConfidential Computing is a new hardware security mechanism to protect data in-use. It allows processing sensitive workl... More technology, joins the LU Holding portfolio.
LU Holding invests in innovative companies that have substantial growth potential and a committed team. As a hub for innovation and commercialization with equity in over 60 companies, LU Holding will support the operations and will financially invest in CanaryBit.
“CanaryBit is an exciting company that addresses a highly topical problem. They also have a very competent and driving team, and we are really looking forward to pushing the company towards the market”
– Erik Larsson & Eskil Åhlin, Portfolio & Development Manager at LU Holding
Five of Sweden’s most innovative and promising young technology startups are based on research at Lund University, according to the annual 33-list recently published by Ny Teknik.
“We are delighted to welcome LU Holding onboard and we are looking forward to an exciting journey together. Their well-known experience, network and support will set a solid foundation for our success, giving security and practical help we need to fulfil our mission across Sweden and Europe”
– Nicolae Paladi & Stefano Cucchiella, co-founders of CanaryBit.
About LU Holding
LU Innovation and LU Holding AB together constitute Lund University’s combined innovation activities.
LU Holding AB is a stable holding company managed by Lund University. The holding company can support and finance company start-ups, but also own, manage and sell shares in companies that have their origins in research at Lund University.
www.innovation.lu.se
About CanaryBit
CanaryBit is an independent and international team of specialists with expertise in Cyber Security, Cloud- and Confidential Computing.
CanaryBit is on a mission to enable serene collaboration between modern Companies and/or Public Authorities, protecting data privacy and maintaining data ownership.
www.canarybit.eu
For more information, please contact:
Nicolae Paladi
CEO and Co-founder of CanaryBit
nicolae@canarybit.eu
Stefano Cucchiella
Co-founder of CanaryBit
stefano@canarybit.eu
Erik Larsson
Portfolio Manager at LU Holding
erik.larsson@innovation.lu.se
Eskil Åhlin
Development Manager at LU Holding
eskil.ahlin@innovation.lu.se