Zurich-based xorlab raised EUR 5 million in a Series A+ led by existing investor Spicehaus Partners, with Grapha Holding, EquityPitcher Ventures and ZKB Start-up Finance also participating. The funding supports European expansion, initially across DACH, Benelux and the Nordic countries.
Its email-security software evaluates messages against an organisation's communication patterns to identify suspicious senders and requests, including phishing and business email compromise without malicious attachments. Customers can run it on their own premises, in a hybrid configuration or in a cloud service with processing in European data centres.
