PQShield Raises $37M for Post-Quantum Cryptography Innovation
PQShield, a London, UK-based cybersecurity company specializing in post-quantum cryptography (PQC), recently announced that they have successfully raised $37M in Series B funding. Addition led the funding round, with participation from new investors such as Chevron Technology Ventures, Legal & General, and Braavos Capital, along with existing backers like Oxford Science Enterprises. This substantial investment will enable PQShield to meet the growing market demand for its cutting-edge software and hardware IP.
Founded by CEO Ali El Kaafarani, PQShield is at the forefront of developing post-quantum cryptography solutions that are essential for safeguarding the security systems of the global technology supply chain.
Their cryptographic solutions are already being utilized by leading companies such as AMD, Microchip Technologies, and Collins Aerospace to enhance the security of critical components like Hardware Security Modules (HSMs) and connected vehicles. PQShield is committed to enabling a seamless transition to quantum-safe security measures across various industries, including finance, automotive, and defense.
With a diverse range of customers that also includes Sumitomo Electric, NTT Data, and Mirise Technologies (Toyota / Denso R&D), PQShield has established itself as a trusted provider of advanced cryptography solutions. By leveraging the newly secured funding, the company is poised to accelerate its growth and continue delivering innovative technologies that address the evolving cybersecurity needs of the global market. Through their strategic partnerships and unparalleled expertise, PQShield is well-positioned to lead the way in quantum-safe cryptography and shape the future of secure communications worldwide.
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