The ETH spin-off Exeon Analytics wins 130,000 Swiss francs
28.08.2017
Exeon Analytics was the 105th startup to be awarded with the final kick of 130,000 Swiss francs last Wednesday. Based on award winning algorithms developed at ETH Zurich, the spinoff offers solutions to secure corporate networks by rapidly detecting anomalies in web traffic and acting before data can be stolen.
 The team of Exeon Analytics
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With an estimated cost of more than 3.5 million dollars per breach, cyberattacks are nowadays a major threat to business. One of the major challenges for corporates comes from understanding web traffic and detecting malicious activity amongst the huge amounts of regular web traffic generated by employees.
Big Data Analytics vs Cyberattacks
Exeon Analytics fights these advanced cyberattacks using big data analytics. Its current flagship product, ExeonTrace, relies on big data and machine learning algorithms to identify web traffic anomalies in order to spot covert malware attacks, also known as Advanced Persistent Threats (APT). These attacks often target high profile corporates and can operate for years without being noticed.
ExeonTrace’s unique machine learning based algorithms, fast analysis capacity and intuitive visualization of web traffic logs turns the “needle in the haystack” into actionable security insights, which allows corporates to monitor and handle incidents with less staff. With the increased regulatory constraints in data security and the predicted shortage of cybersecurity specialists, Exeon’s solution comes as an indispensable complement to the existing general-purpose security software solutions.
For its market entry, Exeon Analytics is focusing on companies headquartered in Switzerland. The startup is currently testing the product with a leading Swiss IT security provider, further pilot projects with customers in the financial sector are planned for the end of this year. The full product sales are foreseen in the beginning of 2018.
“Venture Kick allowed us to make very valuable contacts and helped us to set the right priorities while developing our business model”, said David Gugelmann, CEO of Exeon Analytics, after the final.
Big Data Analytics vs Cyberattacks
Exeon Analytics fights these advanced cyberattacks using big data analytics. Its current flagship product, ExeonTrace, relies on big data and machine learning algorithms to identify web traffic anomalies in order to spot covert malware attacks, also known as Advanced Persistent Threats (APT). These attacks often target high profile corporates and can operate for years without being noticed.
ExeonTrace’s unique machine learning based algorithms, fast analysis capacity and intuitive visualization of web traffic logs turns the “needle in the haystack” into actionable security insights, which allows corporates to monitor and handle incidents with less staff. With the increased regulatory constraints in data security and the predicted shortage of cybersecurity specialists, Exeon’s solution comes as an indispensable complement to the existing general-purpose security software solutions.
For its market entry, Exeon Analytics is focusing on companies headquartered in Switzerland. The startup is currently testing the product with a leading Swiss IT security provider, further pilot projects with customers in the financial sector are planned for the end of this year. The full product sales are foreseen in the beginning of 2018.
“Venture Kick allowed us to make very valuable contacts and helped us to set the right priorities while developing our business model”, said David Gugelmann, CEO of Exeon Analytics, after the final.