Post-quantum cryptography startup PQShield Ltd is exiting stealth mode armed with a suite of tools it says companies can use to safeguard computer systems and other devices from quantum-based attacks.
It also announced £5.5 million ($6.8 million) in seed funding from backers including Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investor Andre Crawford-Brunt, the former global head of equities at Deutsche Bank AG.
The U.K.-based company is betting on the imminent arrival of full-scale quantum computers, which it says will pose an unprecedented problem for security due to their potential to bypass traditional public-key encryption standards.
Quantum computers are machines that use the properties of quantum physics to store data and perform computations. This can be extremely advantageous for certain tasks and gives them the potential to vastly outperform even the best supercomputers of today.
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Quantum cryptography startup PQShield exits stealth - SiliconANGLE
Post-quantum cryptography startup PQShield Ltd. is exiting stealth mode today armed with a suite of tools it says companies can use to safeguard computer systems and other devices from quantum-based attacks. It also announced £5.5 million ($6.8 million) in seed funding from backers including Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investor Andre Crawford-Brunt, the former global head of equities at Deutsche Bank AG.
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