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NEWS November 25, 2016

AxCrypt 2 reaches over 100 000 users, nominated for “Best Encryption Software 2016”

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The first version of AxCrypt is currently being used by 10 million users worldwide. Since the launch of the new version in May, AxCrypt 2 has already reached over 100 000 users. AxCrypt makes encryption easy enough for all types of users, and was recently named “Best Encryption Software 2016” by PC Mag. AxCrypt has also been recognized by both the popular television series Mr. Robot and by hackers.

Stockholm-based AxCrypt allows individuals and small groups to encrypt their files more easily than any other encryption software on the market. By removing the complexity of strong and proven encryption technologies, the startup has in a very short time attracted more than 100,000 users in over 135 countries.

– Today you do not need to be a computer geek to be able to stop unauthorized people from accessing your files. Even grandmothers can feel safe and protected, says Svante Seleborg, founder and developer of AxCrypt.

The latest version of the software, AxCrypt 2, was named “Best Encryption Software 2016” by PC Mag only four months after the launch. Two months later, AxCrypt gets a seal of approval again, this time from the users, and reaches the 100,000 mark.

AxCrypt has made an impression even in popular culture. When the sixfold Emmy-nominated television series Mr. Robot aired its tenth epidose, the title was “eps2.8_h1dden-pr0cess. AXX”, which is the name of a file encrypted with AxCrypt.

– It is great to see the growing interest in cyber and file security, and we are very proud of our product. We also had a more atypical confirmation in the form of hackers taking over computers and using AxCrypt to lock them, says Zebastian Victorin, CEO of AxCrypt.

AxCrypt makes encryption easy by handling and editing encrypted files, providing secure sharing of encrypted files through “public-key cryptography” and secure file deletion. The program’s key manager, “Password Manager”, makes it possible to safely store passwords in the cloud and generate strong passwords.

The team at AxCrypt is now working to develop new features and to make the program available on more devices; smartphones, tablets and computers, and for both Windows and Mac users. Mobile apps are currently in beta and scheduled for launch in late 2016.

About AxCrypt
The story of AxCrypt started in 2001 when founder Svante Seleborg had to share confidential information over the Internet and could not find an existing software that was simple and easy enough to use for everyone. That’s when he developed and launched the first version of AxCrypt and shared it with the world, for free. In 2014, with over 20 million downloads worldwide, AxCrypt has grown to become one of the world’s most popular software for encrypting files. Svante then joined together with Zebastian Victorin and founded AxCrypt AB to take AxCrypt to the next level.

> Learn more about AxCrypt: www.axcrypt.net 

 

NEWS June 20, 2016

Unomaly raises 4.6 million euro in Series A funding led by EQT Ventures

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STING company Unomaly, the company that is changing the way businesses monitor, detect and investigates IT incidents, has raised 4.6 million euro in Series A funding led by EQT Ventures. Andreas Thorstensson of EQT Ventures will join the board of directors.

Founded in 2012, Unomaly provides a solution that automatically analyses all the data that IT systems, applications and infrastructures produce. It leverages smart algorithms that continuously learns the normal behavior of every IT system to detect and explain virtually any IT incident – from crashes, to problems and breaches. Current customers span 11 countries and include 2/4 Scandinavian banks, nuclear power plants and a broad set of Internet companies.

– Unomaly is the perfect example of the kind of team EQT Ventures wants to partner with. Great founders solving a large and complex problem using ground breaking technology. Machine learning is all the hype right now, but this is an approach where it really excels, says Andreas Thorstensson, Tech Partner at EQT Ventures.

– This is a strong vote of confidence by EQT Ventures, says Unomaly co-founder and CEO Johan Gustafsson. EQT Ventures is one of very few VCs out there with deep technology knowledge and entrepreneurial background. They have precisely the right people for the right questions. We think this understanding and composition is really important for a long term partnership.

Unomaly rides the wave of increasing software dependency. Today, software is a critical part of everything, from Internet services to automobiles, and the impact of failures, breaches and crashes continues to grow. An average IT organisation manages to detect less than one third of all incidents – despite having more than 5 monitoring tools. Two thirds of all cyber security incidents are detected by customers, not the IT departments themselves. This in turn forces the average IT organisation to spend over 20 percent of their time troubleshooting.

– These numbers are highly correlated with underutilisation of data, says Unomaly co-founder and CTO Göran Sandahl. By allowing organisations to have all their data analysed in a continuous and systematic manner, without bias from rules or searches, we enable a fundamentally new understanding of what IT environments are doing and how they are failing.

Unomaly’s technology is packaged as a simple software that customers download and install where they are running systems and applications, either in their own data centers or in the cloud. Customers configure their systems to forward data to the installation and the technology automatically and continuously learns normal behavior. All parts of the IT organisation – from operations, to developers and security engineers – benefit from click-based access to root-cause anomalies and instant notifications without having to bother with rules, search or data overload.

The funding will allow Unomaly to further strengthen global customer operations and product development.

> Learn more: www.unomaly.com