PQShield Bags $37M to Harden Cryptography Against Quantum Threats
PQShield, a startup developing quantum-resistant cryptography, just nabbed $37 million in Series B funding. The round saw participation from existing investors like Addition and Crane Venture Partners, and welcomed new backers like Oxford Science Enterprises and Kindred Capital. This cash injection brings PQShield’s total funding to a cool $60 million.
A Shield Against Future Threats
The company’s focus? Preparing businesses and governments for a future where quantum computers could crack the encryption protecting our digital lives. Sounds like sci-fi, right? But it’s a looming reality. PQShield’s tech is designed to be “quantum-resistant,” meaning it can withstand attacks from these superpowered computers.
From Theory to Real-World Protection
PQShield isn’t just theorizing; they’re building practical solutions. Their software and hardware are already being tested by major players in the semiconductor and telecom industries. They’re even involved in developing standards for post-quantum cryptography, a testament to their expertise in the field.
A Growing Team and Ambitious Goals
With this fresh funding, PQShield plans to scale up. They’re looking to expand their team of cryptography experts and engineers, particularly in their offices in London, Paris, and San Francisco. Their ultimate goal? To become the go-to provider for quantum-resistant cryptography, securing the digital world against a new generation of threats.
