a year ago

PQShield Raises £29 Million to Protect Against Quantum Cyberattacks

  • PQShield, an Oxford-based cybersecurity company developing cryptographic tools to protect machines from quantum computer-powered cyberattacks, has raised £29 million in a Series B funding round led by Addition

  • The company is developing post-quantum cryptography (PQC) security solutions that can withstand the additional computational firepower of quantum computers

  • The funding will be used to deliver real-world, post-quantum hardware and software upgrades to even more organizations as they move to comply with new global standards.

      • ProblemTechnology

      "Current encryption methods are vulnerable to attacks from quantum computers, which are becoming increasingly powerful. This poses a significant risk to sensitive data, as quantum computers could potentially break current encryption algorithms."

      Solution

      "PQShield develops post-quantum cryptography (PQC) solutions that are resistant to attacks from quantum computers. These solutions can be implemented in hardware, software, and the cloud, providing a comprehensive approach to protecting sensitive data."

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