QuintessenceLabs Raises A$25M in Funding


QuintessenceLabs, a Canberra, Australia-based leader in quantum cybersecurity solutions, raised A$25m in funding.

The round was led by Main Sequence and TELUS Ventures, with participation from Mizuho Financial Group-backed InterValley Ventures and Terry Snow’s Capital Property Group.

The company intends to use the funds to expand operations and development efforts.

Led by Founder and CEO Dr Vikram Sharma, QuintessenceLabs provides providing quantum safe crypto solutions and services to support security communities worldwide, including their flagship product the Trusted Security Foundation (TSF). The TSF is a secure key management platform, incorporating the security of a FIPS 140-2 Level 3 hardware security module (HSM) with advanced key and policy management (KMS), and qStream, a fast quantum random number generator (QRNG). Its latest quantum-safe solution is qOptica Quantum Key Distribution (QKD).