Best Cybersecurity Companies in Sweden
The 155 best Cybersecurity companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Yubico.
Sweden's Cybersecurity sector has a funding story worth reading carefully: 155 companies, $477M in total disclosed capital, and one name carrying most of the weight. Yubico alone has pulled in $234M, which means a single company accounts for nearly half the pool. Detectify follows at $42M, Outpost24 at $24M, and the rest of the field clusters well below that. No unicorns yet, but the concentration at the top tells you where conviction is actually landing. The global market sits at roughly $72.5B and is forecast to grow at a 10.99% CAGR, driven by stricter government regulations and deepening corporate reliance on networked infrastructure, so the tailwind is real even if Sweden's field is still finding its ceiling.
What I find striking is how much of the momentum here is investor-led rather than revenue-led. Almi Invest, NFT Ventures, and Chalmers Ventures are among the most active backers, suggesting a market still being built from the institutional side up. And with AI-driven threats reshaping buyer priorities globally, as OpenAI's recent cybersecurity action plan makes clear, Swedish firms that can speak to machine-speed threat detection will have a credible pitch to enterprise buyers across Europe. So if you're mapping this space, start with the funding distribution: it's uneven, it's concentrated, and it's moving.
- Cybersecurity market grows 16% despite deteriorating economic conditio
- AI and ML threats drive security investment shift, ISG study finds
Our analysis of 174 Cybersecurity companies
$16.2b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Cybersecurity companies in Sweden
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yubico Provider of two-factor authentication solutions | $234M | 81 mo ago | 207 | 2007 | Stina Ehrensvard Co-founder & board member | 7 signals Leadership · New product | 59 patents Hardware-based multi-factor authentication tokens with NFC activation and device pre‑registration | 1 launch · 3 partnerships |
| 2 | Fingerprint Cards Provider of fingerprint based biometric verification systems | $53M | 148 mo ago | 241 | 1997 | Adam Philpott CEO | 8 signals Contracts · M&A | 1,349 patents Under‑display optical fingerprint sensors and capacitive biometric integration for secure devices | 3 launchs · 1 partnership |
| 3 | Detectify Provider of attack surface management and dynamic application security testing solutions | $42M | 44 mo ago | 162 | 2013 | Johan Edholm Co-Founder | — | — | 1 partnership |
| 4 | Outpost24 Provider of cyber risk management and application security solutions and services | $24M | 66 mo ago | 198 | 2000 | Ido Erlichman Chief Executive Officer | 9 signals ▲800% Leadership · Funding · Contracts | — | 2 launchs · 1 expansion |
| 5 | Precise Biometrics Provider of biometric identity verification software and physical access control | $18M | 114 mo ago | 32 | 1997 | — | 6 signals ▲100% Earnings · M&A · Leadership | 172 patents Biometric identity authentication and liveness detection for secure verification | 1 job opening |
| 6 | NuLink Blockchain based data privacy solutions for applications | $15M | 25 mo ago | 8 | 2021 | Daniel Nilsson Co-Founder | — | — | — |
| 7 | Cryptzone Provides cloud-based identity-driven security solutions | $15M | 132 mo ago | 100 | 2003 | — | — | 6 patents Hardware-based memory encryption and secure data handling technologies | — |
| 8 | Unomaly Automated analysis, profiling, and anomaly detection of system data | $8M | 120 mo ago | 30 | 2012 | — | — | 4 patents IT system event log analysis and anomaly detection for operational monitoring | — |
| 9 | Holm Security Cloud based platform for vulnerability scanning of enterprise network | $7M | 42 mo ago | 67 | 2015 | — | — | — | 1 job opening · 1 launch · 1 partnership |
| 10 | Axiomatics Attribute based access control for database security | $6M | 157 mo ago | 60 | 2006 | Babak Sadighi Founder and Head of Strategy | — | 87 patents Fine-grained database access control and policy enforcement using distributed policy evaluation | — |
| 11 | Baffin Bay Networks Globally distributed threat protection against DDoS attacks and Web Applications | $6M | 95 mo ago | 16 | 2017 | Joakim Sundberg CEO / Founder | — | — | — |
| 12 | Foreseeti Cybersecurity threat modelling and risk management solutions | $6M | 72 mo ago | 10 | 2014 | Anders Malmstrom CEO | — | — | — |
| 13 | Clavister Developer of cybersecurity solutions including firewalls, identity, and cross-domain security | $6M | 30 mo ago | 144 | 1997 | Peter Spetz Founder | — | 7 patents Optimizing network traffic shaping via hybrid serial‑parallel packet processing algorithms. | — |
| 14 | Sightic AI-based software for detecting the influence of drugs through image analysis | $6M | 48 mo ago | — | 2019 | Stefanie Najafi Co-Founder | — | — | — |
| 15 | Debricked Cloud based application security solutions provider | $5M | 56 mo ago | 35 | 2018 | — | — | 17 patents Automated detection, prioritization, and risk assessment of software vulnerabilities in code and open-source components. | — |
| 16 | Polar Rose Facial recognition software | $5M | 235 mo ago | 11 | 2006 | Jan Erik Solem Founder & CTO | — | — | — |
| 17 | Covr Security Provider of multi-factor authentication-as-a-service and identity verification mobile application | $5M | 88 mo ago | 18 | 2015 | Peter Alexanderson Co-Founder | — | — | — |
| 18 | QBank Digital asset management software provider | $4M | 117 mo ago | 22 | 2003 | Carl Petruson Co-Founder | — | — | — |
| 19 | Acuminor Risk assessment solution to prevent money laundering and terrorist financing | $4M | 52 mo ago | 33 | 2018 | Andrea Sandlund Co-founder and Chief Intelligence Officer | — | — | — |
| 20 | Compodium Online platform for video conferencing | $2M | 55 mo ago | 17 | 2001 | Bengt Grahn Founder/Owner | — | — | — |
| 21 | Norbloc KYC and AML software solutions | $2M | 104 mo ago | 17 | 2016 | Vitalii Demianets Co-founder & Chief Architect | — | — | — |
| 22 | VMSPlay Video messaging service | $1M | 176 mo ago | — | 2006 | Randhir Singh Mangat ex-CEO | — | — | — |
| 23 | ZignSec Customer ID verification engine | $1M | 86 mo ago | 63 | 2015 | Markus Andersson Founder | — | — | — |
| 24 | Roaring Online API-based KYC and AML solutions to banks and financial institution | $672K | 62 mo ago | 25 | 2016 | Pal Ljungberger Co-Founder & CEO | — | — | 2 job openings |
| 25 | Defentry Cybersecurity awareness training platform | $397K | 68 mo ago | 19 | 2015 | Christer Hernestig Founder & CEO | — | — | — |
| 26 | Depos Provides protection to deposit | $130K | 125 mo ago | 6 | 2014 | Richard Du Rietz Founder | — | — | — |
| 27 | Authentico Technologies Password protection solution provider | $112K | 71 mo ago | 4 | 2011 | Philip Weinstock Founder & CEO | — | — | — |
Top 12 Cybersecurity companies in Sweden
#1
Series A · Gothenburg, Vastra Gotaland County · founded 2021 · 8 employees$15.3Mraised▾
Blockchain based data privacy solutions for applications. It provides a cyber security platform that offers solutions such as endpoint data encryption for data privacy protection, unauthorized access control, proxy re-encryption, and more. The platform offers privacy preserving solutions for decentralized applications via API.
- May 2024ICO$6.1M
- May 2024Series A$11.3M
- Nov 2021Seed$4M
#2
Acquired · Stockholm, Stockholm County · founded 2013 · 162 employees$42.1Mraised▾
Provider of attack surface management and dynamic application security testing solutions. The business offers tools for attack surface discovery, classification, and scanning. Application and API scanning are available for vulnerability detection. Internal scanning capabilities cover internal applications and staging environments. Integrations with security workflows are also provided.
- Sep 2022Series C$10M
- Nov 2019Series B$23.1M
- Mar 2018Series A$6.2M
- Jan 2017Seed$1.1M
#3
Public · Ornskoldsvik, Vasternorrland County · founded 1997 · 144 employees$5.9Mraised▾
Developer of cybersecurity solutions including firewalls, identity, and cross-domain security. The company provides technical support, professional services, and training. Its product portfolio includes next-generation firewalls and identity and access management tools. The business offers solutions for public administration, energy, utilities, defence, and telecom sectors.
#4
Public · Stockholm, Stockholm County · founded 2007 · 207 employees$234.3Mraised▾
Provider of two-factor authentication solutions. It offers a range of hardware and software products, including the YubiKey, to secure login and access to digital systems and applications.
- Aug 2019Series A—
- May 2018Series A—
- Jun 2017Series A$30M
- Mar 2017Series A—
#5
Series A · Stockholm, Stockholm County · founded 2015 · 67 employees$7.1Mraised▾
Cloud based platform for vulnerability scanning of the enterprise network. Solutions include network and web app scanning, fraud risk assessment, email blacklists monitoring, monitoring of databases with hacked websites, security center, and Holm Security VMP. Holm Security VMP Vulnerability Management Platform is a cloud based service to protect enterprises by discovering vulnerabilities in the IT networks and websites. Solutions are compliant with the GDPR and Cloud Service Level Agreement.
- Nov 2022Series A$4.1M
- Feb 2022Seed$3M
#6
Acquired · Karlskrona, Blekinge County · founded 2000 · 198 employees$23.8Mraised▾
Provider of cyber risk management and application security solutions and services. The company delivers vulnerability management, digital risk protection, and external attack surface management. It offers penetration testing, red teaming, and managed security services. The company provides cyber threat intelligence and PCI compliance solutions.
- Dec 2020Series B$23.8M
- Jan 2019Grant (prize money)$640.8K
#7
Public · Gothenburg, Vastra Gotaland County · founded 1997 · 241 employees$52.7Mraised▾
Provider of fingerprint based biometric verification systems. It provides users with biometric components and technologies that verify a persons identity through the analysis and matching of an individuals unique fingerprint. Its product portfolio includes biometric fingerprint sensors, processors, algorithms, modules and pilot kits, component kits, and sensor kits for the prototyping process.
- Jan 2014Post IPO$21.5M
- Dec 2013Post IPO$18.3M
- Mar 2013Post IPO$8.4M
- Apr 2011Post IPO$4.5M
#8
Acquired · Gothenburg, Vastra Gotaland County · founded 2019$5.6Mraised▾
AI-based software for detecting the influence of drugs through image analysis. It offers real-time analysis and aims to detect intoxication for multiple applications, including e-scooter riders and drivers.
- 2022Grant (prize money)$5.6M
#9
Acquired · Malmo, Skane County · founded 2018 · 35 employees$5.1Mraised▾
Debricked is a cloud based application security solutions provider. It develops a tool for the security of application development. This includes components such as analysis of open source dependencies and vulnerabilities, dynamic testing, and automated penetration testing. It also provides static analysis, automated code review, scans for bugs, and potential vulnerabilities. The company also offers design and development, maintenance, and implementation, and testing services.
- Oct 2021Seed$2.5M
- Jun 2020Seed$2M
- Dec 2018Seed$584.6K
#10
Deadpooled · Stockholm, Stockholm County · founded 2014 · 10 employees$6.3Mraised▾
Foreseeti is a provider of cybersecurity threat modelling and risk management solutions. It provides software to analyze cybersecurity vulnerability and response preparedness of an enterprise. It uses threat modelling to understand cyber security levels, prioritize areas to address and manage security architectures. The clients of the company include SCANIA, RWE, Klarna, etc.
- Jun 2020Series A$3.2M
- Sep 2019Series A$2M
- Sep 2019Grant (prize money)$574.2K
- Jul 2019Grant (prize money)—
#11
Seed · Stockholm, Stockholm County · founded 2018 · 33 employees$3.7Mraised▾
Risk assessment solutions to prevent money laundering and terrorist financing. The product offered by the company are Essentials, ThreatView, and Risk Assessment. Essentials provide a cloud-based solution for AML. ThreatView provides risk assessment and management solutions.
- Feb 2022Seed$2M
- Jan 2019Seed—
#12
Public · Lund, Skane County · founded 1997 · 32 employees$18.4Mraised▾
Provider of biometric identity verification software and physical access control. The company offers software solutions for fingerprint, face, and palm recognition. It provides visitor management and biometric access control systems. The company's products enhance security and usability across various devices.
- Dec 2016Post IPO$5.5M
- Sep 2013Post IPO$13M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Cybersecurity coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Cybersecurity is moving in Sweden
A read on the academic research around Cybersecurity — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 125 Sweden-affiliated papers.
- KTH Royal Institute of Technology22
- Chalmers University of Technology21
- Ericsson13
- Linköping University13
- Mälardalen University9
- Denial-of-service attack1→4
- Intrusion detection system1→7
- Network security3→9
- Denial-of-service attack1→4
- Computer security3→4
- Computer security17
- Network security9
- Computer network4
- Internet of Things3
- Cloud computing security3
Where cybersecurity is researched across Sweden
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.