quintessencelabs 25m main sequence venturesparktechcrunch

#Quintessencelabs 25m main sequence venturesparktechcrunch generator#

“We are delighted to have secured investments from Main Sequence and TELUS Ventures and be recognized for our breakthrough commercialization of quantum enhanced cybersecurity solutions,” said QuintessenceLabs’ Founder and CEO, Dr Vikram Sharma. Organizations need to start assessing their cybersecurity posture from a quantum-safe perspective. Quantum computing capabilities and power transcend that of current computing, making today’s information vulnerable to quantum computing attacks and data breaches. The next greatest threat to data and information is the advent of quantum computing. TELUS Ventures is the strategic investment arm of TELUS Corporation and one of Canada’s most active and longest-standing corporate venture capital (CVC) funds. Main Sequence is Australia’s deep tech investment fund, founded by Australia’s national science agency, CSIRO. The investment underscores QuintessenceLabs’ commitment of providing quantum safe crypto solutions and services to support security communities worldwide. We’re excited to support the QuintessenceLabs team as they scale their business and provide customers with a critical layer of protection.Image Credits: QuintessenceLabs / CEO Vikram Sharma Dr Sharma and the team at QuintessenceLabs are global leaders in developing quantum-based cybersecurity tools that help protect sovereign and commercially sensitive information. Main Sequence partner Bill Bartee added, “As computing power increases exponentially, the tools needed to secure critical data and assets must stay several steps ahead. Safeguarding data-our most valuable resource-has never been more critical and we look forward to this exciting new growth stage while continuing to develop world-leading solutions to secure our increasingly digital lives.” QuintessenceLabs founder and CEO Vikram Sharma said, “We are delighted to have secured investments from Main Sequence and TELUS Ventures and be recognized for our breakthrough commercialization of quantum enhanced cybersecurity solutions. Organisations need to start assessing their cybersecurity posture from a quantum-safe perspective.”Īccording to QuintessenceLabs, this recent investment underscores its commitment of providing quantum safe crypto solutions and services to support security communities globally. The firm commented, “The next greatest threat to data and information is the advent of quantum computing. The company was recently selected as a World Economic Forum Global Innovator.

#Quintessencelabs 25m main sequence venturesparktechcrunch generator#

The round was led by Main Sequence and TELUS Ventures, and also including participation from InterValley Ventures and the Capital Property Group.įounded in 2008, QuintessenceLabs claims its products combine world class security expertise with advanced science to create high-value technology, including a quantum-based random number generator and an interoperable key and policy manager as well as a broad range of strong encryption solutions.

Quantum cybersecurity firm QuintessenceLabs has secured A$25m in financing as it pushes forward its aim to take quantum cybersecurity global.