Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution

Quantum Bridge raises $8 million USD to prepare for “Q-Day”

One day, perhaps within the decade, quantum computers will be able to crack like an egg the encryption algorithm protecting your password. That day is known as “Q-Day,” and it’s what Toronto-based Quantum Bridge Technologies has been preparing for. “National security can’t wait for perfect conditions.” Mattia Montagna,Quantum Bridge The 20-person startup, which spun out of the University of Toronto in 2019, announced on Wednesday morning that i…

$8m Series A backs Quantum Bridge's network defence play

Quantum Bridge Technologies, a quantum-safe cybersecurity infrastructure company, has closed an $8m Series A funding round to accelerate the global rollout of its cryptographic protection systems. The round was led by Primo Capital SGR, with participation from a broad international syndicate comprising Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital. Combined with earlier financing from Alumni Vent…

Quantum Bridge raises $8m to counter quantum cyber threats

Quantum Bridge Technologies has closed an $8m Series A funding round to accelerate its global expansion as organisations race to secure critical systems against quantum computing threats. The round was led by Primo Capital SGR, with participation from a global syndicate including Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital. Combined with earlier backing from Alumni Ventures and the University o…

Quantum Bridge Technologies Closes $8 Million Series A Funding to Scale Distributed Cryptographic Architecture

Quantum Bridge Technologies Inc. (QBT) has finalized an $8 million Series A capital investment round led by Italian independent alternative asset manager Primo Capital SGR. The specialized funding round includes syndicate participation from institutional investors and venture funds including Wayra (Telefónica), Cadenza VC, the Club degli Investitori angel network, HPE, and Bacchus Venture Capital. When [...] The post Quantum Bridge Technologies …

Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution

The new Series A funding round brings the total raised by Quantum Bridge to $16 million.  The post Quantum Bridge Raises $8 Million for Quantum-Safe Key Distribution Solution appeared first on SecurityWeek.

Exclusive: Quantum Bridge secures $8M to protect finance, government and defence from quantum cybersecurity risks

Cybersecurity startup Quantum Bridge has raised a $8 million Series A The round was led by Primo Capital SGR, and a global syndicate including Wayra The round was led by Primo Capital SGR, and a global syndicate including Wayra (Telefónica), Cadenza VC, Club degli Investitori angels, HPE, and Bacchus Venture Capital also participated.