6 years ago
Crypto Quantique Secures $8 Million Seed Funding for Quantum-Driven Cybersecurity Platform
Crypto Quantique, a UK-based cybersecurity company, has secured $8 million in seed funding led by ADV with participation from Entrepreneur First
The company, founded by Shahram Mossayebi, Kumi Thiruchelvam, and Dr
Patrick Camilleri, provides a quantum-driven cybersecurity platform for IoT using advanced cryptography and quantum physics
The funding will be used for market launch of its key and lifecycle management software, team growth, and enhancements to its Key Management Service (KMS) and cryptography
Crypto Quantique's KMS aims to integrate seamlessly into any IoT platform, enabling secure device onboarding, attestation, revocation, and identity provisioning
ProblemTechnology
"IoT devices are vulnerable to security breaches, making it difficult to trust their data and operations."
Solution
"Crypto Quantique provides a quantum-driven cybersecurity platform that uses unique, unforgeable cryptographic keys generated on-demand, making it harder for attackers to compromise the security of IoT devices and their data."