Crypto Quantique, a London, UK-based provider of a quantum driven cybersecurity platform for IoT, raised an $8m seed funding round.
The round was led by ADV with participation from Entrepreneur First, amongst others.
The company intends to use the funds to bring to market its key and lifecycle management software, grow its software development team to enhance its Key Management Service (KMS) and cryptography.
Co-founded by Shahram Mossayebi, CEO, and Kumi Thiruchelvam, chief commercial officer, and Dr. Patrick Camilleri, Crypto Quantique provides a cybersecurity technology platform that uses the most advanced techniques in cryptography and quantum physics to address the challenges of end-to-end IoT security. Its unique feature is that a single chip can generate multiple, unique, unforgeable cryptographic keys on-demand – these cryptographic keys are never stored, are resistant to most side-channel attacks, and can be used independently by multiple applications on demand.
The company’s KMS, a key component in the overall solution, is designed to be integrated into any cloud based or on-premise IoT platform facilitating seamless, zero-touch secure device onboarding for thousands of devices in seconds as well as ongoing device attestation, revocation and secondary identity provisioning capabilities. This will enable enterprises to achieve full end to end ownership and control of IoT security.