6 years ago

Crypta Labs Raises €3 Million to Secure Critical Infrastructure in the Post-Quantum Computing World

  • Crypta Labs, a London-based quantum cybersecurity startup, has raised €3 million in a funding round led by Bloc Ventures, including €1.1 million in debt financing from Innovate UK

  • The investment will be used to develop Crypta Labs' Quantum Random Number Generation (QRNG) technology and bring the first Quantum-enabled Hardware Security Module (QHSM) to market

  • Crypta Labs' QRNG technology is designed to address the security threats posed by quantum computing, which could potentially weaken or render obsolete current security measures

  • The company is also developing commercial applications for its technology, including connected automotive applications in the Czech Republic and medical devices in the USA.

      • ProblemTechnology

      "Quantum computing poses significant security threats by potentially rendering current security measures obsolete due to its ability to break existing cryptographic algorithms."

      Solution

      "Crypta Labs offers quantum-resistant cybersecurity solutions, including Quantum Random Number Generation (QRNG) and Quantum-enabled Hardware Security Modules (QHSM), to protect critical data and communication devices in various sectors like aerospace, communication, medical, military, and transport."

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