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Viennese tech miracle: Millions for revolutionary cybersecurity!
Muse Electronics receives a million-dollar investment to strengthen cybersecurity in Europe with the innovative product “Backbone”.
Viennese tech miracle: Millions for revolutionary cybersecurity!
Vienna is clearly on the rise when it comes to innovative technologies. Muse Electronics, a Viennese company, recently received a million-dollar investment from Sparring Capital Partners. How Trending Topics reports, this capital will be used to expand the company's presence in European markets. The goal is clear: uncompromising cybersecurity for defense and critical infrastructure.
A highlight of the company is the product “Backbone”, a portable and secure data terminal that was specifically designed for top secret military operations. Backbone is similar to a tablet and is used in environments where technical failures cannot be tolerated. The hardware-based cybersecurity architecture physically separates security areas, enabling secure military communications. No room for back doors!
Innovative technology with a lot of potential
CEO Philipp Lechner is optimistic about making the solution available to a wider audience. He is supported by Michael Steiner, CEO of Sparring Capital, who emphasizes Backbone's role in the digital modernization of European defense. Muse Electronics plans to use the new financing to accelerate its growth path and further expand the capabilities of its technology.
The European Commission's extensive investments in digital technologies must also be viewed in the context of these developments. According to an announcement, a sum of 1.3 billion euros will be made available to support technology advances in areas such as artificial intelligence (AI) and cybersecurity. These funds are part of the Digital Europe program, which will be active between 2025 and 2027, as EU representation in Germany reported.
The “Digital Europe” program aims to secure technological sovereignty in Europe and strengthen the digital resilience of critical infrastructures. The European strategy also aims to advance the use of AI in various sectors and improve digital skills in educational institutions.
The challenge of technological sovereignty
But it's not just investments that are needed; the EU's competitiveness in the digital sector is also a critical issue. A report from European Parliament shows that the EU is over 80% dependent on third countries in many digital areas. In order to counteract this dependency, European companies must be strengthened and innovative solutions promoted.
The challenges are not small: from improving connectivity to expanding fiber optic networks to the need to comprehensively address the area of cybersecurity. The focus is also on ensuring the quality of digital products in order to achieve the goals of the digital decade.
With companies like Muse Electronics, Vienna is at the forefront of developments to secure a robust and sovereign digital future. while EU funds and initiatives in this direction will continue to gain importance in the coming years.