I’m thrilled to announce that PQShield has raised £5.5 million in seed funding from Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investors including Andre Crawford-Brunt, Deutsche Bank’s former global head of equities.
The idea for PQShield came from the huge disconnect I noticed between the scale of the quantum threat and the level of information security seen at most businesses today.
With tech giants and startups racing to develop full-scale quantum computers, the question is no longer if, but when they will arrive. These super-powerful machines pose an unprecedented threat, since they will be able to smash through traditional public-key encryption and undermine the security of all sensitive information, past and present.
Now, our stellar team of researchers, mathematicians and engineers is bringing cutting-edge cryptography solutions out of the research lab and into businesses, so their information can remain safe for the long term. Bosch, a leading global supplier of technology and services, is already making use of our technology.
We’re delighted to partner with our investors so we can help more companies prepare for the quantum era with confidence.
You can read more about today’s news on TechCrunch here as well as on Sifted here.