Team
We are an independent team of specialists with years of experience and research in Cyber Security, Cloud and Confidential Computing.
The Founders
They have met during a tech event in 2015 and been friends on and off working hours since.
In 2020, they founded CanaryBit to bring to the market a fully-encrypted solution for sensitive data collaboration.

Nicolae Paladi / CEO
Computer security expert with 10 years of experience in applied cryptography, confidential computing, cloud and distributed systems. He received his industry PhD in cloud security from Lund University in 2017 while working on several research and innovation projects at RISE Research Institutes of Sweden. Prior to that he was a software engineer at Klarna.

Stefano Cucchiella / CTO
Cloud Solutions Architect with hands on experience in designing cost-effective and scalable cloud-based solutions for a wide range of corporate customers and public authorities. He holds a double-degree MSc. in Software Engineering and has extensive experience in product & service management, facing customers and turning requirements into concrete business value.
Ownership
The founder duo Nicolae Paladi and Stefano Cucchiella are majority shareholders.
CanaryBit is a portfolio company of LU Holding.
The Board
Martin Börjesson
Chairman
Babak Sadighi
Business Strategist
Erik Larsson
Business Developer
Aron Klingberg
Tech Lawyer

Stefano Cucchiella
CTO & Co-founder
The Rocking Team
Pegah Nikbakht
Security Engineer
Eskil Åhlin
Business Developer
Thanh L. Nguyen
Fullstack Developer
Luca Staboli
Software Engineer
OUR STORY
Over the Years
Feb 2020
CanaryBit was founded
On a cold Stockholm night, CanaryBit’s journey begins
Apr 2021
Oct 2021
LU Holding invests in CanaryBit
CanaryBit joins the LU Holding portfolio
Mar 2022
Horizon Europe grant
CanaryBit receives €420k with HARPOCRATES, a project in collaboration with 13 European organisations
MAY 2022
Leonardo’s Acceleration Programme
CanaryBit receives € 100k from Business Innovation Factory (BIF),