Muse Electronics has received a seven-figure investment from Sparring Capital Partners. The company plans to use the funding to expand the presence of its military tablet Backbone on the European markets.
The company has worked with European military and infrastructure partners for over a decade to develop what it believes is the “world’s most secure portable data terminal”. This includes the supply chain: Backbone is built in Europe and is designed for environments “where technical failure is not an option”, according to a recent press release. “It was developed to support top secret military operations.”
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“Backbone is positioned to play a central role in the digital modernization of European defense,” said Michael Steiner, CEO of Sparring Capital. “Its technology takes cybersecurity standards to a new level and we are proud to support Philipp Lechner, Gerald Zach and the entire Backbone team on this exciting journey.”
Philipp Lechner, CEO and founder of Backbone (-> Interview with Militär Aktuell): “After more than ten years of intensive development, testing and successful trials, we are ready to make our solution available to a wider audience. Sparring Capital brings not only capital, but also deep conviction and strategic direction – making it the ideal partner to realize our vision.”
Sparring Capital Partners is a Vienna-based investment company founded by a group of European entrepreneurs to provide capital and expertise to companies with strong growth prospects. According to its own definition, Sparring supports “visionary founders who commercialize groundbreaking technologies that contribute to a stronger, more independent Europe”.
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