PQShield Revolutionizes Cybersecurity with $37M Series B Funding
June 20, 2024, 9:37 pm
PQShield, a London-based cybersecurity company specializing in post-quantum cryptography, has secured a whopping $37 million in Series B funding. Led by Addition, this round saw participation from Chevron Technology Ventures, Legal & General, Braavos Capital, and Oxford Science Enterprises.
Founded in 2018 as a spinout of the University of Oxford, PQShield is on a mission to modernize security systems in the global technology supply chain. Their focus on post-quantum cryptography solutions is reshaping the landscape of digital protection.
With a customer base that includes big names like AMD, Microchip Technologies, and Collins Aerospace, PQShield is already making waves in the industry. Their cryptographic solutions are not just futuristic dreams but tangible tools being used in secure boot processes, financial transactions, connected vehicles, and military communications systems.
CEO and Founder Ali El Kaafarani's vision for PQShield is clear: to stay ahead of the curve and provide quantum-safe encryption solutions for a digital world under constant threat. The funding will fuel their expansion into new markets and further research and development of their IP.
In a world where data breaches and cyber attacks are rampant, PQShield's commitment to delivering cutting-edge security solutions is a beacon of hope. As El Kaafarani aptly puts it, every line of code they write, every problem they solve, and every interaction they make is geared towards keeping us one step ahead of the attackers.
Founded in 2018 as a spinout of the University of Oxford, PQShield is on a mission to modernize security systems in the global technology supply chain. Their focus on post-quantum cryptography solutions is reshaping the landscape of digital protection.
With a customer base that includes big names like AMD, Microchip Technologies, and Collins Aerospace, PQShield is already making waves in the industry. Their cryptographic solutions are not just futuristic dreams but tangible tools being used in secure boot processes, financial transactions, connected vehicles, and military communications systems.
CEO and Founder Ali El Kaafarani's vision for PQShield is clear: to stay ahead of the curve and provide quantum-safe encryption solutions for a digital world under constant threat. The funding will fuel their expansion into new markets and further research and development of their IP.
In a world where data breaches and cyber attacks are rampant, PQShield's commitment to delivering cutting-edge security solutions is a beacon of hope. As El Kaafarani aptly puts it, every line of code they write, every problem they solve, and every interaction they make is geared towards keeping us one step ahead of the attackers.