1 The EIC Accelerator Project
EIC Accelerator Program Overview
The EIC (European Innovation Council) Accelerator program is a flagship funding initiative established by the European Commission to support high-potential startups and SMEs (Small and Medium-sized Enterprises) in their quest to bring innovative ideas to the market. This program focuses specifically on deep-tech innovations, which are characterized by their reliance on scientific advancements and engineering excellence. The EIC Accelerator aims to bridge the funding gap that many startups face during the critical stages of development and scaling.
Funding Structure
The EIC Accelerator provides a blended finance model consisting of both grants and equity investments. The grant component can reach up to €2.5 million, aimed at covering the costs of R&D activities, development, and prototyping. This funding is essential for startups looking to validate their technology and prepare for market entry.
In terms of equity financing, the program offers up to €15 million in investments until 2024. Starting in 2025, this equity funding will be capped at €10 million. The equity investment is designed to complement the grant and provide startups with the necessary capital to scale their operations, reach commercialization, and attract further private investment.
Purpose in the DeepTech and Startup Ecosystem
The EIC Accelerator plays a crucial role in the European startup ecosystem, particularly within the deep-tech sector, which often requires significant investment and long development cycles. By offering substantial financial support, the program helps startups mitigate risks while developing groundbreaking technologies. Additionally, the EIC Accelerator facilitates access to networks, mentorship, and business development resources, further enhancing the startups' chances of success.
Moreover, by investing alongside private sector investors, the EIC Accelerator not only validates the startups' business models but also encourages additional funding from venture capital and other private sources. This dual-funding approach aims to create a sustainable ecosystem where innovative companies can thrive.
Delta Cygni Labs Oy and the XRTC Project
Delta Cygni Labs Oy is a Finnish company that has emerged as a winner of the EIC Accelerator program for its project, XRTC (Reliable, Efficient and Fast Industrial Internet). The project focuses on developing a high-resilience, low-latency API acceleration system designed for global and interplanetary industrial services.
Project Description
XRTC aims to revolutionize the way industrial services are delivered by enhancing the reliability and efficiency of data transmission over vast distances, including potential applications in interplanetary settings. The technology is expected to serve industries that require real-time data processing and communication, such as manufacturing, logistics, and space exploration.
Technology Basics and Background
The foundation of the XRTC project lies in advanced communication protocols and API (Application Programming Interface) acceleration techniques. The technology leverages cutting-edge algorithms to minimize latency and maximize data throughput, thus ensuring that industrial systems remain operational even under challenging conditions.
The system will utilize high-resilience architecture designed to withstand disruptions commonly associated with internet connectivity, especially in remote locations or in space. The robust network design incorporates redundancy and fault tolerance, which are critical for mission-critical industrial applications.
Furthermore, Delta Cygni Labs Oy has a background in developing technologies that integrate seamlessly with existing industrial infrastructures. This capability positions the XRTC project as a game-changer, offering industries the opportunity to upgrade their systems without the need for extensive overhauls.
Conclusion
The EIC Accelerator program serves as a vital catalyst for innovation in Europe’s deep-tech landscape by providing essential funding and resources to startups like Delta Cygni Labs Oy. Through the XRTC project, the company is poised to make significant contributions to industrial communications, enhancing the resilience and efficiency of services that are crucial for both terrestrial and interplanetary applications. The dual funding model of grants and equity investments enables such companies to scale effectively, ensuring that technological advancements can transition from concept to reality.
2 The Funding Rounds
Delta Cygni Labs Oy: Funding and Investment Overview Since EIC Accelerator Award (March 13, 2024)
Delta Cygni Labs Oy, based in Finland, specializes in high-resilience, ultra low-latency data streaming technologies. The company won the EIC Accelerator blended finance award during the March 2024 cut-off and has since attracted notable investment and growth attention.
Financing Raised
- As of July 2024, Delta Cygni Labs secured a major funding milestone through the European Innovation Council (EIC) Accelerator program. Reports indicate this round was valued at approximately €2.3 million.
- In November 2024, Delta Cygni Labs raised an additional €3 million in a seed funding round led by First Gate Invest, with participation from StartMore, Therman Group, and several Finnish angel investors.
Total Estimated Funding
Funding Rounds: Timing & Amounts
| Date | Round | Amount | Investors/Participants |
|---|---|---|---|
| October 2019 | Undisclosed | €720k | Not disclosed |
| October 2020 | Undisclosed | €315k | Not disclosed |
| July 2024 | EIC Accelerator | ~€2.3m | European Innovation Council |
| November 2024 | Seed | €3m | First Gate Invest (lead), StartMore, Therman Group, angels |
<em class="publication">The November seed round may overlap in part with earlier publicly reported totals but is widely cited as a fresh injection post-EIC win.
Investor Information
Key investors involved since March/July 2024:
- European Innovation Council: Provided blended finance support via the prestigious EIC Accelerator award.
- First Gate Invest: Led the prominent seed financing after the EIC award.
- StartMore and Therman Group: Joined as co-investors.
- Multiple unnamed Finnish angel investors participated alongside institutional backers.
Company Valuation
Dealroom estimates from late 2019 place Delta Cygni Labs’ enterprise valuation at $3–5 million USD; however, more recent valuation figures are not explicitly published post-EIC or following subsequent rounds. Given significant new capital infusions (~€5M), it is likely that current valuations are higher but remain undisclosed.
Exit Events
As of May 6th, 2025:
All available information points to ongoing growth-stage development rather than preparation for exit.
Summary Table
| Category | Details |
|---|---|
| Major Recent Fundings | ~€2.3M (EIC Accelerator – July/August '24); €3M Seed Round – Nov '24 |
| Key Investors | European Innovation Council; First Gate Invest; StartMore; Therman Group; Angels |
| Total Estimated Funding | ~€4.5–€5M |
| (as of late '24) | (summed across public sources) |
| Company Valuation | $3–$5M USD (~late '19 estimate); later values likely higher but not published |
| Exit Events None reported |
Sources
- Delta Cygni Labs company information - Brno Region
- Delta Cygni Labs on Startup Estonia
- Dealroom profile for Delta Cygni Labs
- Startup Luxembourg - Company Profile
- Nordic9 News Report on Seed Round
- CB Insights Company Financials
3 The Press Releases
Delta Cygni Labs Oy, a Finnish company, was among the winners of the European Innovation Council (EIC) Accelerator funding in the March 2024 call. The company was awarded for its innovative project focused on developing a High-Resilience, Low-Latency API for the industrial internet, reflecting its commitment to advancing digital solutions.Company Overview
- Location: Finland
- Project Focus: Reliable, Efficient, and Fast Industrial Internet solutions.
Funding and Recognition
Available Information
As of now, specific details about partnerships, technology advancements, team updates, or patents related to Delta Cygni Labs Oy are not available in the public domain. Press releases or updates on deltacygnilabs.com would be the most direct source of such information, but currently, no specific releases or updates have been reported or shared publicly regarding these aspects.Press Releases and Updates
For the latest press releases or blog posts, it would be best to visit the company's website or social media accounts. Typically, companies share updates on new technologies, partnerships, or significant developments through these channels.Conclusion
Delta Cygni Labs Oy's success in securing EIC Accelerator funding highlights its innovative potential and contribution to Finland's tech ecosystem. For detailed insights into the company's recent developments, checking their official website or social media would provide the most accurate and up-to-date information.Sources:
- EIC Accelerator: Statistics and Results from the March 2024 call
- 5 EIC Accelerator Winners in March 2024 Round - Catalyze Group
4 The Technology Advancements
Delta Cygni Labs Oy: Current Capabilities and Recent Advancements
Delta Cygni Labs Oy, a Finnish company, has established itself as a leader in mission-critical communication technologies. Their primary products include the XRTC high-resilience API acceleration solution and POINTR, an augmented reality remote collaboration application. Delta Cygni Labs has roots dating back to 2008, involving collaborations with the VTT Technical Research Centre of Finland, Thales Alenia Space Italy, and the European Space Agency (ESA).
Current Capabilities
- XRTC: This is a TCP-based protocol designed for ultra-low-latency data transmission. It eliminates TCP head-of-line blocking, making it significantly more efficient than traditional TCP-based solutions. XRTC is fully compatible with enterprise firewalls, making it easy to integrate without changes in business logic.
- POINTR: An industrial remote support solution that leverages augmented reality for real-time collaboration. It allows technicians and experts to collaborate remotely using video, audio, and AR annotations. POINTR is designed for remote guidance, commissioning, maintenance, and training across various industries.
Advancements Since EIC Accelerator Funding
As of March 13, 2024, Delta Cygni Labs received the EIC Accelerator funding, but specific details about advancements made since then are not publicly available. However, the company continues to be involved in various projects that utilize their technology. For instance, they are part of the Callio FutureMINE project, which aims to develop a digital test mine for the future of mining, showcasing their commitment to integrating technology into challenging environments.
Technology Improvements and Market Demonstrations
There is no specific information available on new features or technologies presented by Delta Cygni Labs since the EIC funding. However, their participation in projects like the Callio FutureMINE suggests ongoing efforts to apply their technology in practical scenarios. The POINTR application remains a key part of their offerings, with a focus on industrial remote collaboration.
Patents, Scientific Studies, and Clinical Trials
There is no recent information on new patents filed, scientific studies published, or clinical trials conducted by Delta Cygni Labs Oy. Their focus remains on developing and deploying their existing technologies in real-world applications.
Sources
- Delta Cygni Labs: Official XRTC and POINTR creator page
- Project Pipeline - BlueInvest Community
- Delta Cygni Labs - Alien Technology Transfer
- POINTR Easy Remote Support - Apps on Google Play
- Normet on developing the underground mine of the future
5 The Partnerships and Customers
Delta Cygni Labs Oy: Strategic Partnerships and Market Positioning Post-EIC Accelerator Funding Delta Cygni Labs Oy, a Finnish leader in mission-critical communication technologies, has strategically aligned with industry leaders to advance its solutions for remote operations, IoT, and real-time AI. Below is an analysis of their partnerships and market trajectory since their EIC Accelerator win in March 2024.Key Partnerships and Customers
- Callio FutureMINE Consortium: Delta Cygni Labs is a core member of this EU-funded digital test mine project (2023–2025), collaborating with Normet, Sandvik, Edzcom, Kempower, and international partners like Byrnecut Ltd (Australia) and OZ Minerals Ltd. The project focuses on electrification, battery tech safety, and underground digitalization.
- BlueInvest Community: Listed as a participant in BlueInvest’s 2025 pipeline for blue-tech innovation, indicating expansion into maritime or environmental sectors.
- GMO GlobalSign Holdings K.K.: Partnered since December 2020 to strengthen cybersecurity for XRTC® API acceleration technology in Japan and Finland.
New Relationships Post-EIC Accelerator (March 2024)
While explicit post-March 2024 partnerships are not publicly documented yet:Market Positioning Through Collaborations
Technological Advancements Enabled by Partnerships
- Augmented Reality Integration: POINTR®, their remote-collaboration tool tested at FutureMINE, leverages AR annotations to improve field maintenance efficiency—a feature validated by industrial users like SMA service engineers.
- Cross-sector testing environments (e.g., underwater via BlueInvest or underground mining) provide real-world data to refine resilience features in XRTC®’s protocol stack.
Scaling Opportunities
Collaborations with global mining firms (Barrick Gold, Anglo American) create entry points into new markets like North America and Australia while validating the scalability of Delta Cygni’s solutions across extreme environments.Sources Used:
- Delta Cygni Labs Official Website – Product details & historical background
- Callio FutureMINE Project – Partnership scope & timeline details
- POINTR Google Play Reviews – User feedback & use-case validation
- BlueInvest Pipeline Listing – Maritime sector participation evidence (archived link)
- GMO GlobalSign Partnership Announcement – Cybersecurity collaboration details via POINTR news page (partial URL)
6 The Hiring and Company Growth
Delta Cygni Labs Oy: Growth and Development
Delta Cygni Labs Oy, a Finnish company specializing in innovative communication technologies, received the EIC Accelerator funding in March 2024. Since then, the company has been focused on expanding its operations and enhancing its technological capabilities.
Current Headcount and Team Size
Delta Cygni Labs currently employs around 15 people, with five of them listed on RocketReach. Although specific details about recent team size changes are not available, the company has expanded its presence globally by establishing a network of professionals across Finland, Germany, Latin America, the USA, and Japan.Hiring Status
There is no explicit information available on whether Delta Cygni Labs is currently hiring. However, their recent funding and strategic expansion suggest potential opportunities for growth.Growth and Scaling
The EIC Accelerator funding has likely contributed to Delta Cygni Labs' growth, allowing them to further develop and commercialize their technologies, such as the XRTC API acceleration solution and the POINTR augmented reality remote collaboration platform. This growth supports their strategic roadmap, which includes gaining maturity in operations on the ground before expanding into space exploration technologies.Key Positions and Future Impact
While specific details on recent hires are not available, the company's focus on mission-critical communication technologies suggests that they may be looking for experts in software development, telecommunications, and augmented reality. New team members would play a crucial role in enhancing the company's products and services, facilitating its expansion into new markets, and supporting its long-term goals in space exploration.Management and Founding Team Changes
There are no reported changes in the management or founding team of Delta Cygni Labs. The company was founded as a spin-off in 2013, building on technologies developed in collaboration with the VTT Technical Research Centre of Finland, Thales Alenia Space Italy, and the European Space Agency. Their leadership continues to drive innovation and strategic growth.Sources
7 The Media Features and Publications
Delta Cygni Labs Oy: Post-EIC Accelerator Funding Overview Delta Cygni Labs Oy, a Finnish technology company specializing in mission-critical communication solutions, gained recognition after winning EIC Accelerator funding in March 2024. Below is a synthesis of its media presence, publications, events, and public engagements:Media Features & Publications
- XRTC Innovation: The company’s flagship product, XRTC®, has been highlighted for enabling ultra-low-latency bi-directional streaming over pure HTTP/TCP, addressing firewall compatibility and eliminating TCP head-of-line blocking.
- POINTR Collaboration: POINTR®, their augmented reality remote collaboration tool, has been featured in partnership announcements such as the GMO GlobalSign agreement in Japan and Finland.
Podcasts & Interviews
No publicly verified podcasts or interviews with Delta Cygni Labs’ team members were identified in the provided data. Limited material from their YouTube channel includes product demonstrations and technical overviews.Conferences & Events
- BlueInvest Community: POINTR was listed as a remote collaboration solution for professionals within the BlueInvest pipeline, though specific presentation details are unavailable.
- IMARC Mining Conference: While IMARC hosts mining technology speakers globally, no direct evidence links Delta Cygni Labs to presentations here based on available data.
Event Involvement & Partnerships
- GMO GlobalSign Collaboration: Announced on 1 December 2020, this partnership focused on enhancing secure industrial communications.
- EIC Accelerator Award: The March 2024 funding recognized XRTC’s potential to revolutionize low-latency industrial internet services globally.
Sources
† The BlueInvest Community link provided may contain errors due to truncation or formatting issues.*
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