UK-based cybersecurity firm PQShield has announced that it has raised $20 million in a Series A funding round. The round was led by Evolution Equity Partners and included participation from existing investors, such as Kindred Capital and Crane Venture Partners.
PQShield specializes in quantum-safe cryptography solutions, which are designed to protect against future attacks from quantum computers.
The company’s technology has been recognized by industry experts, and the latest funding will be used to accelerate its growth and expand its team.
The CEO of PQShield, Dr. Ali El Kaafarani, expressed his excitement about the funding round and the company’s mission, stating:
“We are thrilled to have the support of Evolution Equity Partners and our existing investors as we continue to work towards a safer digital future.
Our goal is to make sure that organizations are prepared for the quantum threat and can protect their data and assets with confidence.”
PQShield’s technology is already being used by a range of customers, including government agencies, financial institutions, and healthcare providers.
With this latest funding, the company will be able to further enhance its solutions and bring them to a wider audience.
PQShield’s quantum-safe cryptography solutions attract $20M in funding
PQShield, a cybersecurity startup specializing in quantum-safe cryptography solutions, has raised $20 million in a recent funding round.
The company’s technology is designed to provide protection against future attacks from quantum computers, which could pose a significant threat to traditional encryption methods.
The funding round was led by Evolution Equity Partners, with participation from existing investors such as Kindred Capital and Crane Venture Partners.
The strong interest from investors is a testament to the growing importance of quantum-safe cryptography in the digital world.
PQShield’s solutions have been recognized for their cutting-edge technology and have already been adopted by a range of customers.
With the latest funding, the company plans to expand its team and accelerate the development of its technology.
Dr. Ali El Kaafarani, CEO of PQShield, emphasized the importance of quantum-safe cryptography in today’s digital landscape, stating:
“As the threat from quantum computers grows, it is essential that organizations take steps to protect their data and assets.
We are proud to be at the forefront of this technology, and we look forward to working with our investors to drive further growth and innovation.”
Quantum cybersecurity startup PQShield secures $20M in Series A funding
Quantum cybersecurity startup PQShield has announced that it has raised $20 million in a Series A funding round.
The company’s technology is designed to provide protection against attacks from quantum computers, which are expected to become increasingly powerful in the coming years.
The funding round was led by Evolution Equity Partners, with participation from existing investors such as Kindred Capital and Crane Venture Partners.
PQShield’s technology has been recognized for its cutting-edge approach to quantum-safe cryptography, and the latest funding will be used to further develop and expand its solutions.
PQShield’s CEO, Dr. Ali El Kaafarani, expressed his excitement about the funding round, stating:
“This investment is a significant milestone for PQShield and demonstrates the growing recognition of the importance of quantum-safe cryptography.
Our technology is already being used by a range of customers, and this funding will enable us to bring our solutions to even more organizations.”
The threat from quantum computers is a growing concern for organizations across industries, and PQShield’s solutions offer a critical layer of protection against this threat.
With the latest funding, the company is well-positioned to continue its growth and make a significant impact in the field of cybersecurity.
PQShield’s cutting-edge quantum cryptography tech raises $20M in funding
PQShield, a UK-based cybersecurity company specializing in quantum cryptography technology, has raised $20 million in a recent funding round.
The company’s solutions are designed to protect against attacks from quantum computers, which have the potential to break traditional encryption methods.
The funding round was led by Evolution Equity Partners, with participation from existing investors such as Kindred Capital and Crane Venture Partners.
PQShield’s cutting-edge technology has been recognized by experts in the field, and the latest funding will be used to further develop and expand its solutions.
PQShield’s CEO, Dr. Ali El Kaafarani, expressed his excitement about the funding round and the company’s mission, stating:
“We are dedicated to providing organizations with the tools they need to protect their data and assets against the growing threat from quantum computers.
This investment will enable us to accelerate our growth and continue to develop cutting-edge solutions.”
PQShield’s technology is already being used by a range of customers, including government agencies, financial institutions, and healthcare providers.
With the latest funding, the company plans to expand its team and bring its solutions to a wider audience.
The importance of quantum-safe cryptography is becoming increasingly clear as quantum computers continue to advance. Organizations that fail to prepare for this threat risk losing sensitive data and valuable assets.
PQShield’s solutions offer a critical layer of protection against this risk, and the latest funding is a testament to the growing recognition of the importance of quantum cryptography in today’s digital landscape.
Investors show strong interest in PQShield’s quantum-safe security solutions
PQShield, a cybersecurity startup specializing in quantum-safe security solutions, has attracted $20 million in funding from investors.
The funding round was led by Evolution Equity Partners and included participation from existing investors such as Kindred Capital and Crane Venture Partners.
PQShield’s technology is designed to provide protection against future attacks from quantum computers. Which could pose a significant threat to traditional encryption methods.
The company’s solutions have been recognized for their cutting-edge approach to quantum-safe cryptography. And the latest funding will be used to accelerate their development and expansion.
Dr. Ali El Kaafarani, CEO of PQShield, emphasized the importance of quantum-safe security solutions in today’s digital landscape, stating:
“As the threat from quantum computers grows, it is critical that organizations take steps to protect their data and assets.
We are proud to be at the forefront of this technology. And we look forward to working with our investors to drive further growth and innovation.”
PQShield’s solutions are already being used by a range of customers, including government agencies, financial institutions, and healthcare providers.
The strong interest from investors in the latest funding round is a testament. To the growing recognition of the importance of quantum-safe security solutions in today’s digital world.
As quantum computers continue to advance, organizations. That fail to prepare for this threat risk losing sensitive data and valuable assets.
PQShield’s solutions offer a critical layer of protection against this risk, and the latest funding is a significant step toward driving further innovation and growth in this critical field.
FAQS
What is PQShield and what does it do?
PQShield is a cybersecurity company based in the UK that specializes in quantum-safe cryptography solutions.
Its technology is designed to protect against attacks from quantum computers, which have the potential to break traditional encryption methods.
Why is quantum-safe cryptography important?
Quantum computers are becoming increasingly powerful. And they have the potential to break many of the encryption methods that are currently in use.
As a result, organizations that fail to prepare for this threat risk losing sensitive data and valuable assets. Quantum-safe cryptography provides a critical layer of protection against this risk.
What types of organizations use PQShield’s solutions?
PQShield’s solutions are used by a range of organizations, including government agencies, financial institutions, and healthcare providers.
Any organization that deals with sensitive data or valuable assets can benefit from quantum-safe cryptography.
How does PQShield’s technology work?
PQShield’s technology is based on the use of quantum-resistant algorithms and protocols. That are designed to be resistant to attacks from quantum computers.
The company’s solutions are designed to integrate seamlessly with existing systems. Providing a layer of protection against the threat of quantum computing.
Is PQShield’s technology easy to use?
Yes, PQShield’s solutions are designed to be user-friendly and easy to integrate with existing systems. The company’s team works closely with customers to ensure a smooth and seamless integration process.
How does PQShield’s technology compare to other quantum-safe cryptography solutions?
PQShield’s technology has been recognized for its cutting-edge approach to quantum-safe cryptography. And the company has received numerous awards and accolades for its solutions.
The company’s team of experts has deep knowledge and experience in the field. And its solutions are designed to provide the highest level of protection against the threat of quantum computing.
