PQShield: Raise $20 million
- PQShield has unrivalled domain expertise in the design and implementation of quantum-resistant cryptography for software
- Raised $20 million in Series A funding led by Addition, with participation from existing investors Oxford Science Enterprises and Crane
- Already experienced strong demand for its quantum-ready cryptographic solutions for hardware, software
- The funding comes at a key moment in the global race against the quantum security threat
- The vast processing power of these machines will easily solve the mathematical problems underpinning public-key algorithms
- The team has one of the world’s highest concentrations of software and hardware cryptography experts outside academia
