4 years ago
PQShield Raises $20 Million in Series A to Secure Data in the Quantum Age
PQShield, a London-based cybersecurity company specializing in post-quantum cryptography, has secured $20 million in Series A funding led by Addition, with participation from existing investors Oxford Science Enterprises and Crane
The company intends to use the funds to accelerate product development, hiring and international expansion, including extending its presence in the US and EMEA, launching in new markets such as Japan, and doubling its team by the end of 2022.
ProblemTechnology
"making cybersecurity resilient to quantum computing threats"
Solution
"offering quantum-secure cryptographic solutions to protect devices and sensitive data from quantum attacks"