PQShield, a pioneering force in post-quantum cryptography, has raised $37 million in Series B funding to advance its mission of fortifying digital security against future quantum computing threats.
The investment round was led by Addition, spearheaded by Lee Fixel, with participation from new strategic investors Chevron Technology Ventures, Legal & General, and Braavos Capital, alongside existing investor Oxford Science Enterprises. This significant funding underscores PQShield’s pivotal role in developing quantum-resistant technologies.
Founded in Oxford by mathematician Ali El Kaafarani, PQShield specializes in software and hardware solutions designed to withstand sophisticated cyber threats posed by quantum computers. The funding will support PQShield’s expansion efforts, focusing on talent acquisition and strengthening partnerships with industry leaders such as AMD, Microchip Technologies, and Nvidia.
“We are honored to lead the charge in post-quantum cryptography, ensuring our technologies set global security standards,” said Ali El Kaafarani, CEO and Founder of PQShield. “This funding will empower us to enhance our capabilities and collaborate closely with customers and partners worldwide.”
PQShield’s innovative solutions are crucial as organizations prepare for the era of quantum computing. The company advises influential entities including the White House, European Parliament, U.K. National Cyber Security Council, and World Economic Forum, highlighting its influence in shaping global cybersecurity policies.
With impending standards from the National Institute of Standards and Technology (NIST) set to validate PQShield’s cryptographic approaches, the company is positioned to drive widespread adoption across diverse technology sectors. This strategic alignment underscores PQShield’s commitment to pioneering advancements that safeguard data integrity and privacy amid evolving technological landscapes.
In conclusion, PQShield’s latest funding milestone not only affirms its technological prowess but also reinforces its dedication to securing the digital future through innovative quantum-resistant cryptography.
