Xiphera

What Xiphera does

Xiphera Oy is a Finnish private semiconductor IP company founded in 2017 in Espoo that designs and licenses cryptographic IP cores implemented in pure hardware logic for FPGA and ASIC targets, with all design and development conducted in Finland to maintain supply-chain visibility. Its portfolio spans more than 30 IP cores organised into the nQrux® Hardware Trust Engines family (Crypto Module, Confidential Computing Engine, and Quantum Secure Boot using a hybrid ML-DSA + ECDSA scheme), the xQlave® post-quantum family (NIST-standardised ML-KEM and ML-DSA, with CAVP validation achieved in November 2025), security protocols (MACsec, IPsec, TLS 1.3), NIST-compliant TRNG/PRNG, symmetric (AES-GCM/CTR/XTS, ChaCha20-Poly1305, Ascon) and asymmetric (ECDH/ECDSA, Curve25519, RSA verification) primitives, and hash functions (SHA-2/SHA-3, HMAC, HKDF). Partner solutions extend the offering with Crypto Quantique's QDID PUF for immutable device identity and Agile Analog's anti-tamper IP.

The business model is one-time IP licensing of these hardware cores to customers who integrate them into silicon or FPGA-based products, sold through direct enterprise sales (led by CRO Tommi Lampila) alongside a global reseller network including Austin Electric (Korea), iWave, Siemens Cre8Ventures, Spinnaker, Kaviaz and Muspark. Primary verticals are space and satellites, defence, telecom and data centres, with adjacent exposure to industrial automation, IoT, and robotics/physical AI; named customers include Beyond Gravity, Frontgrade Gaisler (integrated into the space-grade GR765), Altera (Intel), TSD Space, Shinsou Denshi, TekStart Group, Vaisala and Xiphos.

Financially, Xiphera was bootstrapped and cash-flow positive for its first five years before raising a €480,000 late-seed round in June 2022 led by Gorilla Capital with Korpun Seed Ltd and Ääkköset Oy, alongside a €250,000 Business Finland Young Innovative Companies grant. The company reports it achieved its highest-ever revenue in 2025, with roughly 75% of revenue generated outside Finland and customers across four continents. Recent strategic activity includes the Lockheed Martin F-35 Finnish consortium (2026), the €6.7M Tampere University-led SecureSoC project with Nokia (2026), the Agile Analog and Crypto Quantique integrations, and the addition of a Tampere office alongside the Espoo headquarters.

Name

Xiphera

Legal name

Xiphera Oy

Website

https://xiphera.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Xiphera is a Finnish semiconductor IP company founded in 2017 that designs and licenses pure-hardware-logic cryptographic IP cores (over 30 products) for FPGA and ASIC, with a focus on post-quantum cryptography and hardware trust engines for space, defence, telecom, and industrial customers.

Ownership category

akta.pro rank

Product category

Cryptographic IP Cores

NAICS

Computer Systems Design and Related Services (54151)

SIC

Electronic Computers (3571), Computer Communications Equipment (3576)

akta.pro primary industry

Quantum-Safe Cryptographic Algorithms & Protocols (PQC) (HDAGAGAC)

akta.pro secondary industries

Quantum-Safe PKI, Key Management & HSMs (HDAGAGAE), Quantum-Safe Network Infrastructure & Migration (PQC-enabled Networking) (HDAGAFAG), Secure Elements & Trusted Execution Processors (TPM/TEE/Crypto MCUs) (HDAHAJAK), Secure ICs, Smart Cards & Trusted Hardware (HDAHAAAJ)

Keywords

• Hardware cryptography IP cores
• Post-quantum cryptography
• FPGA security solutions
• ASIC security cores
• Hardware root of trust

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IP Core Licensing: Sale of cryptographic IP cores for FPGA and ASIC implementations. One-time licensing of semiconductor intellectual property to customers who integrate Xiphera's cores into their products.
2. Security Protocol Engines: Licensing of hardware-based security protocol implementations including MACsec, IPsec, and TLS 1.3 engines.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Xiphera designs and licenses pure-logic hardware cryptographic IP cores for FPGA and ASIC implementations, sold as semiconductor intellectual property. Its portfolio includes the nQrux Hardware Trust Engines (Crypto Module, Confidential Computing Engine, Quantum Secure Boot), the xQlave Post-Quantum Cryptography family (ML-KEM, ML-DSA), security protocol engines (MACsec, IPsec, TLS 1.3), random number generators, symmetric and asymmetric encryption cores, and hash function cores, all delivered as CAVP-validated RTL with no software components.

Product overview

Xiphera provides a comprehensive portfolio of hardware-based cryptographic IP cores designed as pure RTL logic for FPGAs and ASICs without hidden software components. The offering is organized into product families: the nQrux family of Hardware Trust Engines (including Crypto Module, Confidential Computing Engine, and Quantum Secure Boot) providing foundational security services; the xQlave family of Post-Quantum Cryptography (ML-KEM for key encapsulation and ML-DSA for digital signatures) addressing quantum threats; Security Protocols (MACsec, IPsec, TLS 1.3) for protocol-level protection; Random Number Generation (TRNG and PRNG) for cryptographic randomness; Symmetric Encryption (AES-GCM, AES-CTR, AES-XTS, ChaCha20-Poly1305, Ascon); Asymmetric Cryptography (ECDH/ECDSA, Curve25519, RSA); and Hash Functions (SHA-3, SHA-2/HMAC/HKDF). The company also offers partner solutions integrating with Crypto Quantique PUF technology. All products are designed and developed in-house in Finland with full supply chain visibility.

Differentiator

Problem solved

Functional benefit

Brands

• nQrux®: Family of Hardware Trust Engines providing quantum-secure authentication, crypto modules, and confidential computing solutions for FPGAs and ASICs.
• xQlave®

Products and services

• nQrux Hardware Trust Engines

Quantifiable outcome

• Customers trust Xiphera across 4 continents
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

18 partnerships are on record, tiered core and minor.

• Agile AnalogcoreTechnology or Integration · 17 June 2026Integration of Xiphera's digital cryptographic cores with Agile Analog's agileSecure anti-tamper sensor IP creates a unified defense solution for next-generation semiconductor security, particularly important during PQC transition.
• NokiacoreStrategic or Co-development Partner · 15 June 2026Industry partner in SecureSoC project developing secure system-on-chip technologies for future critical systems in Finland. Nokia's share funded through Business Finland's Leading Companies programme.
• InstaminorStrategic or Co-development Partner · 15 June 2026Industry partner in SecureSoC project contributing to development of domestically produced high-assurance hardware-based systems.
• VLSI Solution OyminorStrategic or Co-development Partner · 15 June 2026Industry partner in SecureSoC project contributing specialist expertise in compact SoC design and RISC-V-based processing.
• WapiceminorStrategic or Co-development Partner · 15 June 2026Industry partner in SecureSoC project developing next-generation quantum-secure cybersecurity solutions to protect edge devices.
• TTTech Flexibilis OyminorStrategic or Co-development Partner · 15 June 2026Industry partner in SecureSoC project contributing to secure chip technologies development.
• Tampere UniversitycoreStrategic or Co-development Partner · 15 June 2026Coordinator of SecureSoC project developing secure SoC technologies. Project budget of €6.7 million over three years, funded by Business Finland.
• Lockheed MartincoreStrategic or Co-development Partner · 23 January 2026Finnish consortium (Crosshill, DNV Cyber, Habilito, Xiphera) collaboration with Lockheed Martin on highly secure electronics for defense applications and cybersecurity testing laboratories related to F-35 Program.
• CrosshillminorStrategic or Co-development Partner · 23 January 2026Consortium partner designing, testing, and manufacturing highly secure electronic systems for defense, aerospace, telecom, and space applications.
• DNV CyberminorStrategic or Co-development Partner · 23 January 2026Consortium partner providing cybersecurity services with over 30 years of IT and industrial control system security experience.
• HabilitominorStrategic or Co-development Partner · 23 January 2026Consortium partner specializing in cybersecurity for information systems related to national security.
• iWaveminorChannel Partner/ Reseller/ Distributor · 1 January 2025Sales collaboration initiated in 2025 for market distribution.
• Siemens Cre8VenturesminorChannel Partner/ Reseller/ Distributor · 1 January 2025Partnership initiated in 2025 for market access.
• Austin ElectricminorChannel Partner/ Reseller/ Distributor · 1 January 2025Sales partner appointed in Korea in 2025, strengthening foothold in Asia.
• Crypto QuantiquecoreTechnology or Integration · 30 October 2024Combining Crypto Quantique's QDID PUF technology with Xiphera's quantum-resilient cryptography provides future-proof hardware trust engines with immutable device identity.
• Frontgrade GaislercoreStrategic or Co-development Partner · 10 September 2024Development of quantum-resilient authenticated boot and hardware root of trust solutions for space-grade semiconductor architectures. Solutions to be integrated into Frontgrade Gaisler's GR765 processor.
• European Space Agency (ESA)coreStrategic or Co-development Partner · 10 September 2024Partially financed development project for quantum-resilient Authenticated Boot and Hardware Root of Trust solutions under ESA's General Support Technology Program (GSTP).
• ESAcoreStrategic or Co-development PartnerEuropean Space Agency financing quantum-resilient hardware security solutions development.

Scale indicators8 records

Recent moves7 records

Expansion highlights9 records

Direct peers

• CAST, Inc. CAST licenses a broad catalog of semiconductor IP cores including cryptographic and security IP for FPGA and ASIC, with similar IP-licensing GTM and customer types (chip designers) as Xiphera.
• Rambus: Rambus licenses hardware security IP cores (root of trust, crypto accelerators, PQC) into FPGAs and ASICs, closely overlapping with Xiphera's nQrux and xQlave product families in target customers and delivery model.
• PQShield: PQShield is a pure-play post-quantum cryptography company providing hardware and software PQC implementations, including ML-KEM/ML-DSA cores for chips, making it a near-direct competitor in the niche Xiphera targets with xQlave.
• Crypto4A Technologies: Crypto4A builds quantum-safe hardware security modules and PQC-enabled cryptographic hardware, overlapping with Xiphera's hardware trust engine and PQC positioning, particularly for government/defense customers.

Broad incumbents

• Synopsys (DesignWare Security IP): Synopsys offers a broad portfolio of cryptographic, PQC, and security protocol IP cores via its DesignWare line, competing with Xiphera across symmetric, asymmetric, PQC, and protocol IP, but as part of a much larger EDA/portfolio offering.
• ARM (CryptoCell / TrustZone IP): ARM licenses CryptoCell and TrustZone security IP into billions of SoCs, competing indirectly with Xiphera in hardware root-of-trust and secure boot for chip designers, while being part of a much larger CPU/IP portfolio.
• Verimatrix (formerly Inside Secure): Verimatrix provides embedded security IP (root of trust, hardware crypto, secure boot) to chip makers and device OEMs, overlapping with the nQrux family but as part of a wider application protection and monetization portfolio.
• NXP Semiconductors (Secure Element division): NXP supplies secure elements and authentication ICs with hardware cryptography that overlap with the use cases Xiphera serves in IoT, industrial, and defense, though NXP is a vertically integrated chip vendor rather than an IP licensor.

Emerging players

• Secure-IC: Secure-IC provides hardware security IP and integrated secure elements for ASIC/SoC designers, including crypto engines and root-of-trust IP that compete with parts of Xiphera's nQrux portfolio.
• Fraunhofer AISEC: Fraunhofer AISEC develops and licenses hardware-based cryptographic IP and PQC implementations, with comparable academic-grade cryptography expertise to Xiphera and a similar chip-designer customer base in Europe.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCtCqV-BBJCtHGNiFJ4GASww
• LinkedInlinkedin.com/company/xiphera
• Xx.com/xiphera

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xiphera