The amount of the deal was not disclosed.
The company intends to use the capital to continue to develop its solution.
Led by Dr. Duncan Earl, CTO, GridCOM provides a subscription based quantum encryption solution that protects vulnerable communications between millions of automation devices currently controlling the electrical grid.
Using quantum entangled photons and optical fibers, a decentralized key server is created over a geographic region. For a monthly subscription fee, wired and wireless devices can access this quantum key server over the Internet to receive incorruptible keys that are used in performing symmetric key encryption.
The company is currently in the research and development phase and plans to install and operate their first prototype system in the greater San Diego area.