Top 10 Cybersecurity Startups in Luxembourg (2024)

Last updated: October 10, 2024

As the digital landscape continues to evolve, the importance of cybersecurity has never been more pronounced. Luxembourg, known for its robust financial sector and strategic location in Europe, has emerged as a hub for innovative cybersecurity startups. These companies are at the forefront of developing cutting-edge solutions to combat cyber threats, ensuring data protection, and enhancing regulatory compliance. Here’s a closer look at the top 10 cybersecurity startups in Luxembourg that are making waves in the industry.

1. Passbolt

Founded Year: 2016
Location: Luxembourg
Stage: Funding Raised

Passbolt is an open-source password manager designed for teams. It allows users to securely share passwords and sensitive information while ensuring that all data is encrypted before it is stored or shared. Utilizing GPGAuth for authentication, Passbolt empowers organizations to manage their credentials securely and efficiently.

Key Facts about Passbolt:

• Unique Selling Point: Open-source model that promotes transparency and security.
• Target Audience: Teams and organizations looking for secure password management solutions.

2. Scorechain

Founded Year: 2015
Location: Luxembourg
Stage: Funding Raised

Scorechain offers a cloud-based regulatory compliance solution tailored for the cryptocurrency sector. It provides tools for risk scoring, transaction tracking, and blockchain data analytics, making it easier for businesses to navigate the complex regulatory landscape surrounding cryptocurrencies.

Key Facts about Scorechain:

• Unique Selling Point: Comprehensive analytics and monitoring for blockchain transactions.
• Target Audience: Cryptocurrency exchanges, financial institutions, and compliance teams.

3. The Markets Trust

Founded Year: 2018
Location: Luxembourg
Stage: Funding Raised

The Markets Trust specializes in risk management and compliance advisory services. Their flagship product, InvestoMoodia, employs behavioral finance principles to create personalized risk profiles for retail and private banking customers, enhancing the KYC (Know Your Customer) process.

Key Facts about The Markets Trust:

• Unique Selling Point: Advanced risk profiling using behavioral finance.
• Target Audience: Financial institutions and banks.

4. RCDevs

Founded Year: 2010
Location: Esch-sur-Alzette, Luxembourg
Stage: Unfunded

RCDevs focuses on providing two-factor authentication and Public Key Infrastructure (PKI) solutions. Their suite of products includes the OpenOTP Authentication Server and various integration plugins, catering to organizations looking to enhance their security protocols.

Key Facts about RCDevs:

• Unique Selling Point: Award-winning authentication solutions recognized in the European security sector.
• Target Audience: Enterprises and organizations requiring robust authentication mechanisms.

5. SecureWave

Founded Year: 2001
Location: Luxembourg
Stage: Acquired

SecureWave, previously known as DigitalWave, specializes in desktop security and data loss prevention (DLP). Their flagship product, SecureWave Sanctuary, employs a whitelist approach to ensure that only authorized applications and devices can access enterprise networks.

Key Facts about SecureWave:

• Unique Selling Point: Policy-based application and device control.
• Target Audience: Enterprises seeking comprehensive endpoint protection.

6. Peer Mountain

Founded Year: 2017
Location: Luxembourg
Stage: Funding Raised

Peer Mountain is a decentralized identity management platform that allows users to maintain control over their personal data. By leveraging blockchain technology, it enables a self-sovereign identity system that facilitates secure and compliant data sharing without third-party intermediaries.

Key Facts about Peer Mountain:

• Unique Selling Point: Empowering users with ownership of their data.
• Target Audience: Individuals and organizations looking for secure identity management solutions.

7. MoodMe

Founded Year: 2014
Location: Luxembourg
Stage: Funding Raised

MoodMe specializes in facial tracking technology for augmented reality applications. Their Face SDK integrates emotion detection and face recognition, allowing developers to create engaging and interactive user experiences.

Key Facts about MoodMe:

• Unique Selling Point: Advanced facial recognition and emotion detection capabilities.
• Target Audience: Mobile app developers and AR solution providers.

8. Oxford BioChronometrics

Founded Year: 2013
Location: Luxembourg
Stage: Seed Funding

Oxford BioChronometrics focuses on biometric security solutions, utilizing advanced algorithms to enhance identity verification processes. Their technology is designed to provide secure access control for various applications.

Key Facts about Oxford BioChronometrics:

• Unique Selling Point: Innovative biometric solutions for identity verification.
• Target Audience: Organizations requiring secure access control systems.

9. Alto

Founded Year: 2018
Location: Luxembourg
Stage: Funding Raised

Alto provides risk management and anti-money laundering (AML) solutions specifically for the fund industry. By employing machine learning and natural language processing, Alto offers comprehensive compliance and performance analytics tools.

Key Facts about Alto:

• Unique Selling Point: Advanced technology for AML and risk management.
• Target Audience: Fund managers and financial institutions.

10. Cybersecurity Luxembourg

Founded Year: 2017
Location: Luxembourg
Stage: Established

Cybersecurity Luxembourg is a public-private partnership aimed at promoting cybersecurity awareness and innovation in the region. It serves as a hub for collaboration among startups, established companies, and research institutions to enhance the cybersecurity landscape in Luxembourg.

Key Facts about Cybersecurity Luxembourg:

• Unique Selling Point: Collaborative approach to cybersecurity innovation.
• Target Audience: Startups, enterprises, and research institutions.

Conclusion

Luxembourg’s cybersecurity startup ecosystem is thriving, with innovative companies addressing the growing challenges of digital security. From password management to identity verification and compliance solutions, these startups are not only enhancing security measures but also paving the way for a safer digital future. As the landscape continues to evolve, these companies will play a crucial role in shaping the future of cybersecurity in Luxembourg and beyond.